Tourism In Driving Growth And Development Flashcards
How big is the travel and tourism industry
One of the world’s largest industries
Contribution of tourism into the economy
Almost €7 trillion in 2013
What % of GDP is tourism for Thailand
About 10%
What is the YED for tourism and overseas travel
High
Who makes up a large % of the tourism labour force sector
Women - 70%
Benefits of tourism for growth and development
- employment (labour intensive industry)
- employs a high % of women
- export earnings (helps generate foreign exchange)
- boost AD
- diversification
- accelerator effects from investment
Critical evaluation on expanding tourism: labour
Labour exploitation
Sex industry
Poor conditions
Critical evaluation on expanding tourism: all inclusive deals
These holidays ignore the local economy e.g. cruise ships
Critical evaluation on expanding tourism: property prices
Property prices are rising making it less affordable for local people to buy houses
Critical evaluation on expanding tourism: culture
Pressures on local cultures from westernisation
How many countries are involved with the fair trade movement
More than 60
One of the driving force
behind fair trade
A desire to correct market failures in the industries for many primary sector commodities
Example of an effect that drove fair trade
Monopsony power among transitional food processors and food manufactures that often led to farmers in some of the world’s poorest countries reducing an inequitably low and unsustainable price for their products
Economic benefits of fair trade
- guarantees a high / premium price to certified producers
- price stability
- improve production standards
How can fair trade improve production standards
A grower will be only able to receive a fair trade license if it can improve working conditions, better pay and guarantees of environmental sustainability
