Tourism Is The Economic Backbone Of Many Caribbean Nations

3546 WordsDec 21, 201415 Pages
In the current world, the tourist industry has become the economic backbone of many Caribbean nations. Tourism is a vital component of the spread of global capitalism. “It accounts for one-third of the global trade in services and is expanding at twice the growth rate of world output. Tourist arrivals, which stood at 25 million in 1950, are projected to reach 1.6 billion by 2020. According to the World Travel and Tourism Council, the travel and tourism industry accounts for US $4.4 trillion of economic activity worldwide. In the Caribbean region, tourism development is of extreme importance as an imperative source of foreign exchange. Judged by the International Labor Organization as the most tourism-oriented region in the world, the Caribbean is a region where a fifth of the gross domestic product is produced for tourists, directly or indirectly, by one out of every seven workers.” (Cabezas 21) By analyzing these statistics of tourism, it is clear that there are many positive economic aspects the industry bring to the Caribbean region. Although this may be true, a question can be brought about: “Can tourism change the economic context of small nation-states in the Caribbean by creating possibilities for the population to improve its standard of living? Tourism promoters, policy makers, experts, and development officials undeniably think so. These interest groups have historically made enthusiastic claims about the positive impact of tourism on host societies. From fostering

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