Tourism has become the biggest industry in the world. It offers jobs for 200 million people and contributes 11.7 per cent to Global Gross National Product. Almost 700 million tourist arrivals are expected for this year, and this number is estimated to grow to 1.5 billion by the year 2020. Most countries in the world, with very few exceptions, compete with each other to get as large a share as possible of the huge cake which is up for distribution. Attracting tourists, especially from beyond the own borders, means foreign exchange earnings and jobs and income for the local people. But the list of possible drawbacks, especially for developing countries is along the environment and natural beauty may be harmed by infrastructure and hotel buildings; the instruction of large numbers of foreigners with little knowledge and respect for the local culture and tradition may cause social tensions; there may be an upsurge of prostitution and sex-related diseases; and the local economy may be disrupted because labour is siphoned off from farming to the tourism sector, and the high purchasing power of tourists may promote inflation.
ABOUT THE AUTHOR M. Lakshmi Narasaiah
Dr. M. Lakshmi Narasaiah, has been working as Professor and Head, Department of Economics, Sri Krishnadevaraya University Post-Graduate Centre, Kurnool, Andhra Pradesh. He is a Post-Graduate in Economics and has secured first rank. He has received Ph.D., Degree from Sri Krishnadevaraya University, Anantapur, in 1987. He has worked as UGC JRF and UGC SRF. Starting his professional career as an Assistant Professor of Economics in Sri Krishnadevaraya University, Anantapur, he has been actively engaged in teaching and research for the past twenty years. He was associated with the Government of Andhra Pradesh. Planning Department in the center for planning and Development studies projects. He has extensively travelled abroad. He has to his credit 175 research papers published in reputed National and International Journals, a large number of book reviews and seminar papers besides supervising M.Phil., and Ph.D., studies. He is also working on number of research projects. He has frequently participated in national and international conference. He is author of 27 books. Prof. M. Lakshmi Narasaiah is a member of large number of national and international associations and is associated with academic in several universities and professional organization. He has been acting as a member of the "Review Committee" he various international economic journals.
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