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Economic Development – Developed Economy Describe and explain the development of one of the following with reference to a developed economy that you have studied: - Tourism - Financial services - Service and footloose industries. - Leaving Cert Geography - Question 8C - 2021

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Question 8C

Economic-Development-–-Developed-Economy--Describe-and-explain-the-development-of-one-of-the-following-with-reference-to-a-developed-economy-that-you-have-studied:----Tourism---Financial-services---Service-and-footloose-industries.-Leaving Cert Geography-Question 8C-2021.png

Economic Development – Developed Economy Describe and explain the development of one of the following with reference to a developed economy that you have studied: ... show full transcript

Worked Solution & Example Answer:Economic Development – Developed Economy Describe and explain the development of one of the following with reference to a developed economy that you have studied: - Tourism - Financial services - Service and footloose industries. - Leaving Cert Geography - Question 8C - 2021

Step 1

Named developed economy

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Answer

For this examination, I will discuss the development of tourism in the United Kingdom as a developed economy.

Step 2

Describe and explain the development of tourism

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Answer

The tourism sector in the United Kingdom has seen significant growth over the years, contributing immensely to the economy. Factors behind this development include:

  1. Cultural Heritage: The UK is rich in history and culture, with landmarks such as the Tower of London and the British Museum attracting millions of visitors each year.

  2. Infrastructure Development: The UK has invested heavily in its transport infrastructure, including airports and rail systems, facilitating easier access to tourist destinations.

  3. Marketing Strategies: Effective marketing campaigns by organizations like VisitBritain have successfully promoted the UK as a desirable travel destination.

  4. Events and Festivals: Annual events, such as the Wimbledon Championships and the Edinburgh Festival, draw large crowds and enhance the tourism appeal.

  5. Diverse Offerings: The UK's tourism sector caters to various interests, including adventure tourism, culinary experiences, and eco-tourism, thus broadening its visitor base.

  6. Government Support: Government initiatives aimed at promoting tourism, including financial incentives for businesses in the sector, have spurred growth.

  7. Globalization: Increasing globalization has led to a rise in international travel, further benefiting the UK tourism economy.

  8. Technological Advancements: Online booking platforms and travel apps have made it easier for tourists to plan their trips, contributing to the sector's growth.

  9. Sustainable Practices: The focus on sustainable tourism has attracted a new wave of environmentally conscious travelers, positively impacting the sector.

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