Globalization Introduction Globalization is the worldwide movement toward economic‚ financial‚ trade‚ and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital‚ goods‚ and services across national frontiers. However‚ it does not include unhindered movement of labor and‚ as suggested by some economists‚ may hurt smaller or fragile economies if applied
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Tourism is an activity that is critical to the economic and social development. By World Tourism Organization (World Tourism Organization) has predicted that by the year 2563 will have a number of international tourists to 1‚600 million of the estimated growth rate of tourism in developing countries. Expected to increase approximately 4 percent per year‚ particularly the industrialized countries have a rate increase of about 2.5 percent per year‚ the study found. Tourists with travel in most foreign
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Increased Standard of Living Economic globalization gives governments of developing nations access to foreign lending. When these funds are used on infrastructure including roads‚ health care‚ education‚ and social services‚ the standard of living in the country increases. If the money is used only selectively‚ however‚ not all citizens will participate in the benefits. Access to New Markets Globalization leads to freer trade between countries. This is one of its largest benefits to developing
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financially from tourism. However‚ tourism in LEDCs needs to be carefully managed to prevent harm to the environment and disruption to local communities. Economic effects First and foremost‚ money travelling into countries through tourism can lead to the establishment of some morally questionable activity. To name a few‚ tourist hotspots in developing countries are often rife with theft problems‚ maimed beggars and prostitution. The inflaming of these issues as a result of increased tourism is an obvious
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Bacamante Subject : TC 101 – Principles in Tourism HISTORY OF TOURISM Early Tourism - Travel and exploration are basic to human nature. “Torah” - Hebrew word - Studying - Learning - Searching Old Testament - “Noah with his Ark” must have been the first large-scale operator - his passengers were mostly animals. Two Forms of Early Tourism: 1. Travel for business such as trading
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Tourism has become one of the most appreciated sources of income for many countries of the world. Tourism is the fastest growing industry in the world because it is one of the best ways of earning foreign currency. Despite the many advantages of tourism‚ there a few disadvantages too as there are always two sides to everything. The few drawbacks highlighted are environmental pollution‚ cultural and social degradation and economic downturns. However‚ tourists cause environmental damage through forest
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Globalization in simple words means go global or international. It is also an interaction between a country with other country in developing their global economy. Based on businessdictionary.com globalization is the worldwide movement integration. The word of integration does not refer to business only; it also involved integration of the technology‚ cultures‚ political‚ and economics. The integration can see from positive side or negative side. Positive integration happen when countries agree in
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If Africa is to be successful in competing in the international tourism market‚ standards of excellence must be introduced. In order for Africa to facilitate progress in implementing good tourism development there are key issues facing the continent that need to be addressed. These issues are; Comprehensive government policies for tourism‚ Public health and safety‚ Capacity building‚ Infrastructure‚ Environmental mitigation and protection. State capacity-building is a critical aspect of
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of Globalization Abstract We are seeing a tremendous growth in companies worldwide that are becoming more global in recent years. This brings on many positive growth possibilities as well as challenges that affect all countries involved. As economic conditions change in different countries‚ so does the allocation of economic power worldwide. Globalization is in full swing and there seems to be no sign of exhausting its trend anywhere. Effects of Globalization on
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Impact of Microsoft on India as a result of Globalization. Globalization is the international integration coming up from the interchanging of worldviews‚ products‚ ideas and other aspects of culture. An example of this‚ when India’s largest foreign company invested into India‚ Microsoft India Private Limited which is a subsidiary of US software giant Microsoft Corporation. There are several benefits and disadvantages of Microsoft coming into India. The benefits are global learning‚ rapid industrialization
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