Answered: "Island destinations like Sri Lanka are…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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"Island destinations like Sri Lanka are considered fragile as islands have fragile ecosystems. However, many island destinations are highly dependent on tourism to drive economic growth and survival. Meantime, tourism produces around 8% annually of carbon dioxide (CO2) emissions globally. CO2 emissions contribute to global warming which will eventually further exacerbate the existential crisis caused by rising sea levels that confronts so many island communities. And therein lies the paradox: the same industry that is seen as crucial to economic survival is also the main element in impending destruction. It is for this very reason that sustainable tourism for islands is being brought into greater focus." Write a critical essay on the statement given. You can cite examples from any island destination but must include more examples from Sri Lanka. Marks Allocated : 10 Instructions: The word limit is 1000 words, excluding references. You can include pictures if you want. Upload your answer as a Word document. Proper citations and references should be used.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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