13.1: Trade
What is invisible trade?
Trade of services, for example tourism
What is one disadvantage of foreign aid?
A significant proportion of foreign aid is tied
What is a political factor affecting the growth in global tourism?
Many governments have invested heavily to encourage tourism
What is one key concept of sustainable tourism?
The local people gain a fair share of the benefits from tourism, including money
What is the main cause of trade?
The uneven distribution of resources over the Earth's surface.
What is an example of long term development aid?
Global partnership for Education approved $35million to support children’s access to early childhood education in The Gambia
What is one social impact of the growth of tourism?
Denying local people access to certain areas to make them exclusive to hotels
What percentage of the population of Jamaica is employed in the tourism industry?
31% of Jamaica's population
What is a free trade area?
A group of countries that have removed barriers such as tariffs
What is meant by odious debt?
Money lent to a corrupt leader with knowledge it would be misused
What is a positive environmental impact of tourism?
Tourist revenues can fund the management of protected parks.
What is Community tourism?
Tourism that filters money down to the local people and small communities
What is meant by comparative advantage?
An economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners
What is meant by "bottom-up strategy"?
When local people are in charge of their development
What is meant by ecological carrying capacity?
The number of tourists that can be accommodated without significant impact on the environment
What is meant by ecotourism?
Responsible travel to natural areas and tourism that conserves the environment
What is a disadvantage of fair trade for the exporting country?
Not all farmers can access it due to certification fees
What was the cause of the international debt crisis which started in the 1980s?
Economic recession in the 1980s caused inflation and increased interest
What is one way tourists can reduce their destination footprint?
Carbon-offsetting flights
What is the cause of economic leakages in Jamaica?
Many tourism businesses in Jamaica are owned by foreign companies