Why is the ecotourism important for economies? Discuss in terms of sustainable development, sustainable tourism and green economy. Give a real-life example.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section2.2: The Economist As Policy Adviser
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  1. Why is the ecotourism important for economies? Discuss in terms of sustainable development, sustainable tourism and green economy. Give a real-life example.

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Step 1

Ecotourism means responsibly travelling to the natural areas in a view to preserve local habitats.

 

The talk of sustainable development and green economy is set to be alternative to the growth and development perceived otherwise.

When we think about these issue we need to sacrifice growth many of time. The whole purpose of adding these concept to current understanding of growth and development is to be a little more sensitive towards nature and environment which if not paid attention will have negative effects in the future.

Death due to pollution, extinct species, different diseases caused by foreign carrier (which can be insects and plants) are all the dangers which are seen time and again in the countries.

 

 

 

 

 

 

 

 

Step 2

Ecotourism and economies:

 

1. The economy can be sustainable for a longer run and hence can stick to their sectors of the economy.

2. The suitable environment in the country will lead to more tourist visiting those countries and thus increasing GDP.

3. It helps local environment to preserve their habitat and cultural identities for a longer run.

4. The cultural identities give a unique touch the journey by visitors.

5. The green GDP will check all the externalities that are being caused in the environment due to market approach.

6. The formation of strong ecotourism culture will impact the sustainability of the economy in the futures to come.

7. Organisation like World bank give large amount of money for extending on the goals of ecotourism.

8. People will appreciate differences in culture.

9. A nation will achieve not only better growth but better health with regard to maintaining ecotourism standards.

10. People will shift to better behavior and habits that keeps environment in mind.

 

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