Growth of Tourism
Capitalism, as an economic system, is doing much of what democracy, as a political system could not. China has long been known as a communist country, but this truly applies to both political and economic policy, although the Marxist idea was originally economic. However, during the reign of Mao and the communists, the country sank deeper into poverty, and instead of being a world leader as it had been for centuries, it became a third world country. For the past three decades, the government in China has been slowly implementing economic reforms and these have been paying immense dividends. One of the most lucrative decisions made was that to allow tourism to begin again within the country. China has become a good example of what tourism can do for a failing economy, and how it can stabilize one that is emerging and volatile. The example China provided has spurred economic growth through tourism in many areas, and has allowed new businesses to flourish because countries are realizing that tourism, as a force of capitalism, is a boon to an economy. This paper examines how emerging economies are using tourism to grow competition and the economy, and try to discover if there are any negative consequences that should be avoided.
The structure of capitalism revolves around free markets and allowing business and consumers to control the economy. In pure capitalism, greed is very possible because the business owner is not constrained by any regulation regarding how large he or she can grow their operations or what nefarious means they use to do so. Fortunately, the most countries have a form of regulated capitalism that is an attempt to make the markets fair as well as free.
Because capitalism is largely unregulated in how people make money, except in when it comes to enterprises that are considered criminal, there are many different industries in a free market society. Tourism is often seen as a growth area that can become a very large contributor to a country's gross national product. The tourism industry has grown exponentially in recent years, especially...
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Another case study, this one by Cole (2011) examines the cultural and community impacts of tourism, both sustainable and unsustainable, on specific cultures in Indonesia. Cole concludes as well that in order to help keep the cultural and community influences and positive attitudes intact, it is important to consider the local community as a major stakeholder in the sustainability of a tourist destination. Cole states in her article, "Tourism has
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