Contribution of Tourism on the Worldwide Trade
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Contribution of Tourism on the Worldwide Trade
Tourism has become an essential part of the global economy, contributing significantly to worldwide trade. In recent years, tourism has experienced tremendous growth and has become one of the world’s largest industries. According to the World Tourism Organization (UNWTO), international tourist arrivals reached 1.4 billion in 2018, generating approximately USD 1.7 trillion in export earnings.
Tourism is a complex and diverse industry that includes various segments, such as accommodation, transportation, food and beverage, attractions, and activities. These segments are interrelated and work together to provide a complete tourism experience to visitors. Tourism also generates demand for other industries, such as retail, construction, and agriculture, which indirectly contribute to trade.
Tourism contributes to worldwide trade in several ways, including:
Export Earnings: Tourism is an export-oriented industry, and it generates significant foreign exchange earnings for many countries. The money spent by international tourists on accommodation, transportation, food and beverage, and other tourism-related services contributes to the balance of payments of the host country. In many developing countries, tourism is the largest source of foreign exchange earnings, surpassing traditional exports such as agriculture, mining, and manufacturing.
Job Creation: Tourism is a labor-intensive industry that provides direct and indirect employment opportunities to millions of people worldwide. According to the World Travel and Tourism Council (WTTC), tourism accounts for one in ten jobs globally. The jobs created by tourism are diverse, ranging from low-skilled jobs, such as housekeeping and waitressing, to high-skilled jobs, such as tour guiding and hotel management.
Infrastructure Development: Tourism also contributes to infrastructure development, including transportation, communication, and utilities. The development of airports, roads, and public transport systems facilitates tourism and enhances trade connectivity. Tourism also drives investment in telecommunications infrastructure, such as high-speed internet and mobile networks, which facilitate trade in other sectors.
Foreign Direct Investment (FDI): Tourism also attracts foreign direct investment (FDI) to the host country. Many multinational companies invest in the tourism industry, such as hotel chains, airlines, and travel agencies. FDI in tourism enhances trade connectivity and creates opportunities for local businesses to supply goods and services to the tourism industry.
Cultural Exchange: Tourism also facilitates cultural exchange, promoting understanding and tolerance among people from different countries and cultures. Cultural exchange enhances trade relations and promotes the export of cultural products, such as arts, crafts, and cultural events.
Despite the significant contributions of tourism to worldwide trade, the industry faces several challenges. One of the biggest challenges is the impact of the COVID-19 pandemic, which has severely affected the tourism industry worldwide. The pandemic has caused travel restrictions, border closures, and a decline in tourist arrivals, leading to job losses and revenue losses for many countries. The pandemic has also highlighted the vulnerability of the tourism industry to external shocks and the need for the industry to adopt more resilient and sustainable practices.
Another challenge facing the tourism industry is the negative impact on the environment and local communities. The tourism industry consumes large amounts of resources, generates waste, and contributes to environmental degradation. In many destinations, tourism development has led to the displacement of local communities and the loss of cultural heritage.
To address these challenges, the tourism industry needs to adopt more sustainable and responsible practices. Sustainable tourism practices aim to minimize the negative impact of tourism on the environment and local communities while maximizing the economic and social benefits. Responsible tourism practices also promote ethical and respectful behavior by tourists, such as respecting local cultures and customs and minimizing the impact of tourism on the environment.
In conclusion, tourism is a significant contributor to worldwide trade, generating export earnings, creating jobs, and promoting infrastructure development and cultural exchange. However, the industry faces several challenges, including the impact of the COVID-19 pandemic and the negative impact on
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POOR / UNSATISFACTORY |
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EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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Contribution of Tourism on the Worldwide Trade
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