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How less developed countries cannot economies grow by developing services as tourism?

Less developed countries cannot economies grow by developing services as tourism if:

Gambia consists of the natural resources, inexpensive English speaking labour force and climate to specialise within tourism. When tourists spend into the local economy there is an important multiplier effect. When monies are only spent into closed resorts owned by developed countries hotel chain after that the only advantage to the local economy is wages.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9580411

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