Is tourism a good thing for the economy?

Answer

In a narrow financial sense, a well-organized tourism industry is almost always effective at bringing in money. Success can bring an over-reliance on tourism, however, which can be problematic in the event of such things as a natural disaster, or a terrorist attack, which tends to deter tourists. Tourism can also distort a local economy, creating lots of low paid service industry jobs, sometimes at the expense of potentially more skilled and lucrative industries, such as high-tech or manufacturing.

Updated on March 25, 2018

Original Article:

The Advantages and Disadvantages of Tourism
By Paul Goodman
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