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Essay / Research Paper Abstract
Tourism is a growing industry and has a great deal of potential to aid with the economic development of developing countries. This 4 page paper considers the potential strengths and weaknesses of a developing country using a tourism strategy to increase revenue. The bibliography cites 5 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEdevcountry.rtf
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Unformatted sample text from the term paper:
development of many areas, bringing in revenue in a way that other industries could not achieve due to factor conditions. This potential can be seen as beneficial in terms of
economic development, but the reliance on tourism for economic development has both strengths and weaknesses. The social and technological environment has
evolved making travel more acceptable, in a way that has propelled forward the development of the tourism industry, which may be seen as a strengths for tourism as a main
source of income as it is an industry where there is a growing rather than a shrinking demand, and one where there is also a demand for increased diversity.
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). This makes tourism one of the largest
international trade industries (Frangialli, 2002). This has meant that tourism has developed form a small and limited industry to one that is mature with many sectors.
Tourism is one of the areas where developing countries have continually had a trade surplus, in 1980 this surplus was US $6 billion, by 1996 this has
increased to US $62.2 billion (UNCTAD, 1998). This indicates a large potential income for developing countries and the potential of economic growth.
If we consider the problems of the developing world it is often argued that it is not merely a matter of the level of income, but also how it is
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