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Essay / Research Paper Abstract
This 5 page paper is written in two parts. The first part of the paper looks at the general economic impact of tourism, considering the global level an the way it will influence an economy. The second part of the paper looks at the economic importance of tourism to Croatia and Serbia. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEcroserb.rtf
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Unformatted sample text from the term paper:
creates and the indirect benefits that result due to the domino or trickle down effect. It is also one of the fastest growing sectors of the modern commercial world. To
consider the importance we can look at the global level of tourism and then look at the general impacts before looking at its specific countries of Croatia and Serbia.
The growth has been phenomenal. In 1950 there were 25 million international tourists, by 2001 this had reached 693 million (Frangialli, 2002). The level of growth in terms of revenue,
excluding the cost of airline tickets and domestic tourism have been growing by the equivalent of 11% per annum and reached US $462 billion in 2001 (Frangialli, 2002). When measured
in international travel receipts by 2003 this was $628,838 million increasing to $743,043 million (Earth Trends, 2007). This makes tourism one of the largest international trade industries (Frangialli, 2002).
This has meant that tourism has developed from a small and limited industry to one that is mature with many sectors. The benefits of tourism are wide scale; the
immediate benefit of the income produced is seen not only in terms of these international receipts, but also in the domestic results. The economy benefits from more money entering the
economy internationally and then moving around the economy domestically. The tourists will also access a range of services locally, which may include transport, restaurants, local shops and services and accommodation
as well as tourist attraction. These all employ staff that gain wages, which will then be spent in the local economy. The wages that are created with the increased level
of money in the area will stimulate demand of there are good to be bought. If there are shortages to be bought in the shops it is possible that an
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