A discussion of the role of tourism in promoting economic stability and GDP in counties such as Japan.
Written in 2009; 727 words; 15 sources; APA; $ 25.95
Paper Summary:
This paper briefly discusses the role of tourism in promoting economic stability. It discusses the contribution of tourism to gross domestic product (GDP). The paper briefly looks at the the Overseas Economic Cooperation Fund and how it has agreed to offer special loans to the tourism industry in the hope of reviving it in Japan.
Table of Contents:
Economic Sustainability
Economic Sustainability and Tourism
Contributions of Tourism to GDP
From the Paper:
"The touristy industry has been approached from different standpoints across the globe. There are the countries which exploited it to the maximum and registered significant gains from attracting foreign tourists, and consequently investors. There are also those countries which focused on other industries. As a general tendency in the contemporaneous society however, most emerging countries try to consolidate their touristy industry. "Tourism is one of the fastest growing sectors of the global economy and developing countries are attempting to cash in on this expanding industry in an attempt to boost foreign investment and financial reserves" (Pleumarom). And to make sure that the gains will also be present in ten or twenty years, the governments and the organizations develop and implement programs based on economic sustainability."
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