TOURISM

TOURISM

Advantages

  • Employment will generate higher GDP
  • Infrastructural investment from TNCs. The quality of roads, buildings and public services is likely to improve
  • Government have more revenue via taxation from tourist industries. This money can be spent on merit goods such as healthcare and education

Disadvantages

  • Employment is only seasonal, creating instability in local incomes
  • Negative externalties may arise from the consumption of natural resources; pollution/ waste/ damage to local habitats
  • Imports increase as toursists may require specialised goods and services. This may worsen the deficit on the current account of the balance of payments.

Evaluation

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TOURISM

TOURISM

Advantages

  • Employment will generate higher GDP
  • Infrastructural investment from TNCs. The quality of roads, buildings and public services is likely to improve
  • Government have more revenue via taxation from tourist industries. This money can be spent on merit goods such as healthcare and education

Disadvantages

  • Employment is only seasonal, creating instability in local incomes
  • Negative externalties may arise from the consumption of natural resources; pollution/ waste/ damage to local habitats
  • Imports increase as toursists may require specialised goods and services. This may worsen the deficit on the current account of the balance of payments.

Evaluation

Comments

No comments have yet been made