juneafrayma juneafrayma
  • 17-01-2024
  • Business
contestada

discuss whether a country should specialise in tourism (in context of igcse economics)

Respuesta :

atiyaaa atiyaaa
  • 17-01-2024

Answer:

Specializing in tourism can be advantageous for a country in terms of economic benefits, job creation, and foreign exchange earnings. However, it also poses risks as the economy becomes vulnerable to fluctuations in the tourism industry. Diversification is essential to mitigate such risks and ensure long-term economic stability. Balancing a specialized focus on tourism with other sectors can contribute to a more resilient economy.

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