Developing the
Economy:
TOURISM
Gangwani Lakshmi Ajay
01
INTRODUCTION
What is tourism, anyway?
TOURISM
The World Tourism Organization
defines it as,
a social, cultural and economic
phenomenon which entails the
movement of people to countries
or places outside their usual
environment for personal or
business/professional purposes.
02. PROS
AND CONS
OF TOURISM
PROS of TOURISM
1.
Creates job opportunities for locals
→ boosts economic growth, basic needs
approach
2.
Promotes globalisation
→ increase awareness of the country’s culture
and tourist sites
→boosts economic revenue
3.
Promotes international connections
→ can bring more business and cultural
collaborations in the long term
CONS of TOURISM
1.
Not a reliable source of economy
→ Sometimes countries form economic
dependence on tourism forms and limited
sectoral diversification, which leaves the
country vulnerable to economic ruin.
→ E.g Maldives heavily depends on
tourism, it accounts for about 40% of their
GDP. But due to COVID, the amount of tourist
reduced to a third.
Other CONS of
TOURISM
1.
2.
3.
Can cause environmental damage
→ Stress on local land use, and can lead to
soil erosion, increased pollution, natural
habitat loss
Jobs created, are of low-level with poor
working conditions
→ International tourism is often alleged to
exacerbate female prostitution
03. CASE STUDY:
Tourism in ITALY, a
SUCCESS!
€163B
The tourism industry contributed roughly
9% of Italy’s GDP in 2021.
How TOURISM supported
ITALY’S ECONOMY
- Significantly boosted the country’s economic
recovery and employment rate (back to
pre-pandemic levels)
- The WTTC’s recent Economic Impact Report
(EIR) also shows that the sector’s contribution
to GDP next year could reach more than €194
billion
- Expected to create more than half a million
job opportunities in next 10 years (>53,000
new jobs each year)
Negative Impacts of
TOURISM on ITALY
- Not environmentally sustainable
→Caused an environmental crisis, due to
mass tourism
- Before the pandemic started, the total
contribution to GDP was 10.6 per cent or
194.8B , thus falling to only 6.1 per cent or
otherwise 102.6B in 2020, representing a
painful loss of about 92B euro.
¡GRACIAS!
Any questions?
Detailed Notes: Google Docs
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