The economic importance of tourism
เลือกภาษา▼
Think about it
The economic importance of tourism varies from place to place but can be seen to make a significant contribution to many countries wealth. MEDCs benefit massively from tourism in terms of total wealth generated, even if the % of GDP that tourism generates is small. LEDCs are variable in their involvement in tourism but most see tourism as an extremely important way of getting money into their countries. Some LEDCs are reliant on tourism, and it can create more than 50% of GDP, more than exporting primary goods such as food stuffs or manufactured goods such as clothing. This can be problematic, as war, terrorism, or natural disasters could put people off visiting which would strip away a huge chunk of a countries income.
These concepts link with the concepts of economy, sustainability and over reliance;
Economy - The system or range of economic (money making) activity in a country, region, or community
Sustainability – To maintain something for a long period of time without damaging the environment or economy
Over reliance - the state or fact of being too reliant (dependent) on someone or something