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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 B - 2017

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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 B-2017.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 B - 2017

Step 1

Describe and explain the development of Tourism

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Answer

In this answer, I will focus on the development of tourism in France, a prominent developed economy.

Overview of Tourism Development

Tourism in France has evolved significantly over the decades, becoming one of the largest sectors of its economy. The country attracts millions of visitors annually due to its rich cultural heritage, historical landmarks, and natural beauty.

Economic Impact

The tourism sector contributes substantially to the GDP of France, providing jobs and generating income for local businesses. In recent years, efforts have been made to develop sustainable tourism, focusing on preserving cultural sites and minimizing environmental impacts.

Government Policies

The French government has actively promoted tourism by investing in infrastructure, such as transportation networks and accommodation facilities. Initiatives like the 'Tourism Development Strategy' aim to enhance the visitor experience and ensure continual growth in this sector.

Challenges and Opportunities

While tourism brings numerous benefits, it also faces challenges such as overtourism in popular destinations like Paris. Strategies to manage tourist flows and promote lesser-known areas are currently being implemented.

Conclusion

Overall, the development of tourism in France illustrates the importance of a balanced approach that harnesses economic benefits while addressing the socio-environmental concerns associated with high visitor numbers.

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