It is true that a growing number of developing countries are investing more in
. There could be several reasons for
, and I consider it to be a positive trend as long as it is carefully managed and regulated by the government.
The main reason why governments invest in
is that the prosperity of
could contribute to economic growth. It creates jobs not only within the service industry but
in the associated sectors
as retail, transportation and accommodation. When these people spend their wages on goods and services, it leads to what is known as the multiplier effect, thereby creating more jobs.
, a booming
industry attracts foreign investments, which is especially vital for developing countries
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and generates extra tax revenue,
as airport and hotel taxes, which can be later used in schools, hospitals and other public infrastructure.
, interchanges between the locals and the tourists create a better cultural understanding and can
help raise global awareness of issues
In my view, the expansion of
in developing countries could be seen as a positive development. Apart from the economic progress,
could benefit a country in a variety of ways. From the social perspective, the improvements to infrastructure and leisure amenities that result from
benefit the local community. On the cultural level,
encourages the preservation of traditional customs, handicrafts and festivals that could
, it is undoubted that
gives birth to some side effects
as pushing up the living costs of locals and exploiting the local natural resources.
, provided that the governments could manage the
expansion carefully and follow a sustainable route, those negative influences can be limited so as not to outweigh the financial benefits.
In conclusion, the trend of
is due to the government’s pursuit of economic growth. I believe
to be a positive development as long as it is carried out in a sustainable manner.