Applied Exporting and Importing Assignment - Free Essay Example

Sample details Pages: 6 Words: 1752 Downloads: 6 Date added: 2017/06/26 Category Economics Essay Type Analytical essay Did you like this example? (Applied Exporting and Importing) Assignment Report o World Trade Organization in New Zealands trade with rest of the world Facilitates trade liberalisation through opening up markets and removing trade barriers? Ans.The WTO is an association of 153 part governments that arrange together to change universal exchange and build and maintain worldwide exchange guidelines. Through its WTO participation, New Zealand profits from clear exchange decides that are appropriate to all. The Doha Round: The Doha Round of WTO exchange transactions initiated in 2001. This Round, otherwise called the Doha Development Round Agenda, plans to decrease exchange hindrances and support creating nations through exchange liberalization. New Zealand is energetically included in seeking after a goal-oriented and adjusted conclusion to the arrangements. Buyers can purchase less costly items and makers can buy less extravagant crude materials and semi fabricated merchandise. This could be said as the principle explanation behind exchange. Enhancing access to business sectors: The real center of arrangements at the WTO is to encourage exchange liberalization through the opening of businesses and the evacuation of exchange obstructions. Agriculture Agriculture is a significant building square of the New Zealand economy. The generation and transforming of farming items, for example, meat, dairy items, fleece, soil grown foods, vegetables and wine ordinarily produce around 16 percent of our yearly terrible residential item and utilize around 15 percent of the workforce. Rural items make up over a large portion of New Zealands stock fares. Non-agricultural goods Non-horticultural items blanket a differing scope of New Zealand trades. They incorporate all fabricated merchandise and additionally timberland and fish items, chemicals, and minerals. Non-agrarian items made up 46% of New Zealands fare receipts in the year to December 2005, value Nz$14.2 billion. Service Services are frequently portrayed as things you can purchase or offer however cant convey. They incorporate a wide and assorted scope of exercises that are key to New Zealands economy, from expert administrations, for example, lawful, bookkeeping and so forth. Don’t waste time! Our writers will create an original "Applied Exporting and Importing Assignment" essay for you Create order Clarifies and strengthens the rules used to govern international trade. Ans.Another important aim of the WTO is to clarify and strengthen the rules used to govern international trade. Trade facilitation Exchange assistance might be characterized as the disentanglement of exchange techniques, or removing the formality at the outskirt. The point is to make exchange stream all the more easily and consequently slice costs through means other than the evacuation of levy and conventional non-tax obstructions. Both created and creating nation Members have advanced a mixture of recommendations to progress Articles V, VIII and X of the GATT. For a rundown of the papers displayed by New Zealand, and in addition other foundation data. Exchange Facilitation Recommendations on Transit correspondence from Armenia, Canada, the European Communities, the Kyrgyz Republic, Mongolia, New Zealand, Paraguay, and the Republic of Moldova 15 February 2006 Illuminations and Improvements in GATT Article VIII (Fees and Formalities Connected with Importation furthermore Exportation) correspondence from New Zealand, Norway and Switzerland 5 October 2005 Illuminations and Improvements in GATT Article VIII (Fees and Formalities Connected with Importation whats more Exportation) correspondence from New Zealand, Norway and Switzerland 29 April 2005 Recommendations to Clarify and Improve Articles VIII and X correspondence from New Zealand 21 March 2005 Trade remedies Exchange cures permit governments to give interim help to local industry from out of line rivalry from abroad or a sudden surge in imports. Governments have three sorts of exchange cure accessible to them: against dumping obligations: Dumping is the fare of an item at a lower cost than the items ordinary esteem. Antidumping accommodates the application of antidumping obligations when an examination has built that products are constantly dumped and that they are bringing about or undermine to cause material harm to a local industry. The obligation is intended further bolstering counterbalance the good fortune managed through dumping. Non-tariff barriers non-tariff barriers have a comparable impact to duties by expanding the consistence expenses of getting an item into an abroad market. Taxes will be duties on merchandise being traded starting with one nation then onto the next. The impact of these measures is to raise the cost of foreign merchandise and make them less aggressive in the importing nation, to the detriment of exporters in the trading nation and customers in the importing nation. The immediate and circuitous expenses of regulating such security may be like or surpass the income picked up. Rules of origin In the event that a shirt is sewn in Fiji utilizing Indian fabric that was removed in Malaysia to a New Zealand design, which nation made it? For an exchanging nation like New Zealand, evaluating where an item is from might be critical. It can focus, for instance, whether the item might be foreign obligation free in light of the fact that it is made in a creating nation, or whether it is liable to import standards when it is sent out. The World Trade Association and the World Customs Organization are working with nations as far and wide as possible to create around the world Standards of Origin criteria that nations can use to figure out where an item is made. Customs valuation Keeping in mind the end goal to compute rates of obligation on merchandise, traditions authorities need to have the capacity to work out the estimation of the products. Without the arrangement of reasonable, uniform and unbiased guidelines gave by the World Trade Organization assent to traditions valuation, exporters could be cheated obligation on their fares. Where a levy applies to products, traditions authorities need to know the estimation of the merchandise to work out the measure of obligation the products are liable to. Traditions valuation is the method utilized by traditions authorities to focus the estimation of the transported in merchandise for the reasons of computing the right import obligation. The traditions worth is basically the transaction esteem that a shipper pays for the products, yet can incorporate other extra expenses, for example, commission, bundling and sovereignties. On the off chance that the wrong esteem is connected, exporters could be cheated obligation. On the off chance that exporters are unsure how the worth will be figured, the matter of trading gets to be flighty. Poor traditions valuation techniques can go about as an obstruction to exchange. Pre-shipment inspection Importing products from a few nations is conceivably a hazardous business for all gatherings concerned. To anticipate extortion and to ensure merchants and exporters, some creating nations use pre-shipment investigation by autonomous offices to verify that the value, quality and amount are effectively determined on shipment points of interest. Pre-shipment investigation is the practice by legislatures of utilizing autonomous privately owned businesses to review products before these are traded to different nations. The products are checked to guarantee that the value, quality and amount are accurately pointed out on the shipment subtle elements. Pre-shipment investigation is imperative. It is utilized by legislatures of creating nations to adjust for any deficiencies in the regulatory bases. Pre-shipment assessment is an approach to anticipate business extortion and additionally traditions obligation avoidance. Intellectual property Individuals might be given uncommon rights to keep others from utilizing their developments, plans or different manifestations. These rights offer ascent to a sort of property savvy property which arrives in an assortment of structures. The best known structures are copy right (blanket books, works of art, movies or another articulation of a thought), licenses (for developments) and trademarks (under which brand names and logos might be enrolled). The goal of protected innovation insurance is to strike a harmony in the middle of development and the exchange of engineering, to profit both makers and clients, and to improve monetary and social welfare. Dispute settlement The Trade Law Unit inside the Legal Division of the Ministry gives legitimate exhortation and representation in different worldwide exchange for, including World Trade Organization (WTO) arranging rounds, WTO question settlement processes, and in Free Trade Agreement (FTA) arrangements. Each of the connections underneath gives more data about each of these ranges of action. The Unit likewise gives guidance on the consistency of local New Zealand strategy with our universal exchange law commitments. Transparency People, organizations and governments i ncluded in exchange and speculation need to know however much as could reasonably be expected about the states of exchange the nations they need to manage. Expanded transparency is a gimmick of numerous WTO understandings. The accompanying strategies support conviction and consistency about exchanging conditions: Each time an administration acquaints or rolls out an improvement with particular measures, strategies or laws that may have a huge impact on exchange, they need to illuminate the WTO and individual parts and give points of interest of how these laws are, no doubt connected. WTO parts are permitted a sensible period to make remarks on these proposed progressions. National enquiry focuses: Under a few assentions, a solitary purpose of contact is secured, so other WTO parts can without much of a stretch appeal data and documentation. The national enquiry point is obliged to answer any sensible appeals. Enquiry focuses are typically legislative or ganizations, however their obligations can additionally be relegated to a private body. New Zealand s enquiry focuses are: Technical obstructions to exchange (specialized regulations) Standards New Zealand; sterile and phytosanitary Ministry of Agriculture and Forestry. 3. WTO negotiation to enable New Zealand to pursue high standards in trade. Exchange is basic for New Zealands monetary prosperity and development prospects. Just by offering products and administrations to different nations can New Zealand pay for the merchandise and administrations it imports from abroad. Worldwide exchange (fares and imports) represents around 60 percent of New Zealands aggregate monetary action. In 2013, New Zealands stock fares totalled $48 billion, while administration fares totaled $16 billion. New Zealand has an open economy that places few hindrances in the method for outside administrations suppliers or merchants. Yet our exporters frequently experience obstructions abro ad, which is the reason New Zealand seeks after a dynamic exchange motivation. To development and protect New Zealands premiums, we have to create and keep up our exporters right to gain entrance to businesses that matter. Since 2000, exchange understandings have multiplied around the world. As our worldwide rivals create new systems of exchange understandings, we have to match their advancement or danger our exporters being impeded. Unhindered commerce does not simply profit our exporters. New Zealand shippers and customers appreciate more extensive and less expensive access to numerous nations products and administrations. Diploma in Advance International Business Level-7(Newton College of Business Technology) 1

The Feminist Theory Of Fargo By The Coen Brothers

Scrolling through Netflix trying to pick a movie, viewers can generally get the idea of the movie based on the title shown. The first thought that popped into my head after reading the title ‘Fargo’, was how far would an individual strive to achieve and/or accomplish a goal or mission and how far would that individual run if caught in a unforeseen circumstance. The 1996 film ‘Fargo’ by the Coen Brothers, explores a handful of themes such as, life, death and evil. The idea of the movie is that the main character Jerry Lundegaard is a car sales man and is not very good at his job. He is shown no respect from his wife and child and his boss, which is also his father-in-law. The film takes place in a small town in Minnesota. This essay will explore the Feminist and Marxist theory, seen through this film ‘Fargo’ and its characters. The Feminist theory and Marxist theory are mainly seen through the characters Marge, the police officer and Jerry the m ain character, which the entire movie revolves around. In the Coen Brother’s 1996 film ‘Fargo’, Jerry is a pathetic car salesman who is financially unstable, plans to have his wife kidnapped so he can cash in on some money. A business deal about to go sour Jerry, hires two goons for the kidnapping. Along with Jerry being very nervous and jumpy all the time, no one has any idea why or what, Jerry needs the money for. With Jerry’s father-in-law being a successful businessman and owner of the car dealership, which Jerry is an employed

Government Policies Affecting Healthcare Costs - 1697 Words

Assignment 4 Introduction There have been several failed attempts over the years to control the costs of healthcare. Consequently, a major change in government policy took effect in 2010, with additional implementation in 2014, which is known as Obamacare. Furthermore, there are three main problems with the healthcare system in the United States that need reform, which include increasing costs and unaffordability of healthcare, restricted access to care, and poor quality of care (Geyman, 2012). The purpose of this paper is to investigate the costs of healthcare. Government Policies Affecting Healthcare Costs The federal government pays for more than half of the healthcare costs through Medicare and Medicaid funding (Weeks, 2012). Therefore, a recent healthcare policy affecting healthcare costs is the Affordable Care Act also known as Obamacare. The Affordable Care Act is a law that requires health insurance reform, which alters the way Americans are covered by health insurance and adds financial protection related to the soaring healthcare costs (Freymann Fontenot, 2014). However, the Affordable Care Act protects individuals from insurance limitations and lifetime caps the act also adds increased personal financial liability for individual healthcare costs (Freymann Fontenont, 2014). In addition, under the new policy some insurance plans provide free preventive care services without any coinsurance or copayment charges (Freymann Fontenot, 2014). Furthermore, theShow MoreRelatedChanging Health Care Policy Changes1004 Words   |  5 Pages Running head: CHANGES IN HEALTH POLICY Changes in Health Policy Terri Obey Kaplan University Unit 6 August 12, 2015 Abstract When contemplating health care policy changes, several economic issues in health care must be considered. 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Notably, the United States healthcare system has failed to provide Americans with quality or better care services since its a private system that includesRead MoreIncentives Of Medicaid : A New Method Of Delivering And Paying For Medicaid842 Words   |  4 Pageshometown state of Colorado, one of the piloting states who are implementing a new method of delivering and paying for Medicaid beneficiaries’ care to coordinate a broad range of health and social serves by shifting some of the financial risk for the costs and quality of care to providers. Colorado’s Accountable Care Collaborative Program is providing Medicaid beneficiaries care through an accountable care organization (ACO) delivery model. Medicaid contracts with one regional care collaborative organization

Chronic Obstructive Pulmonary Disease - 1140 Words

Chronic Obstructive Pulmonary Disease, also known as COPD, is defined as a progressive, chronic lung disease that makes it difficult to breathe by limiting airflow and it is characterized by chronic inflammation of the airway and shortness of breath and wheezing. BOOK/FAM PRAC â€Å"Progressive† means that the disease gets worse over time. â€Å"COPD is one of the important diseases that lead to restrictions, disability, and an increase in mortality rates among elder population† [4,5].TURK STUDY QUOTE The primary cause of death among COPD individuals is cardiovascular disease. PLOS More people (37%) die due to coronary heart disease or heart failure than those (34%) who die from COPD alone. #2 PLOS Approximately 12 million people in the United States have been diagnosed with COPD. BOOK. There may be more individuals affected and not be aware of it. According to the World Health Organization and the National Heart and Lung Institute, COPD was the fourth leading cause of death in the United States in 2012. FAM PRAC Its prevalence increases with age. And generally occurs between the ages of 35 and 70 years old [27]. TURK Based on the literature review from the TURK STUDY, â€Å"COPD is more prevalent among males and its prevalence increases with age. Men are more likely to have the disease, but the death rate for men and women is about the same. BOOK This gender difference is explained by the facts that smoking is more prevalent among males and males are exposed to toxic substances moreShow MoreRelatedChronic Obstructive Pulmonary Disease3277 Words   |  13 Pageshospital with a chief complaint of difficulty breathing; diagnosis includes congestive heart failure exacerbation (C HF) with pneumonia (PNA). He has a full code status. 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Importance of Telehealth Samples for Students †MyAssignmenthelp.com

Question: Discuss about the Importance of Telehealth. Answer: Introduction The current assignment focuses on the importance of Telehealth within the current health scenario. Telehealth has emerged as a boon within the rural health care scenario. It has been noted that owing to a number of limitations people located in rural and distant places are not able to avail sufficient health services. Some of these factors are distant, time and cost which often limit the accessibility to healthcare services. Therefore, the implementation of Telehealth enables the provision of care services in much real time and convenient manner. Problem There are a number of challenges faced in the implementation of telehalth services within rural areas. Some of these are lack of sufficient administrative engagement where not every member of the executive team could foresee the opportunities offered by the incorporation of Telehealth and telemedicine. As commented by Burch, Gray Sharp (2017), not every payor within the medical set up are willing to pay for the valuable proposition. The second issue which may be faced over here is facing technical glitches in the delivery of healthcare services. In this respect, the physicians may disapprove of depending too much upon technology for provision of healthcare services to their patients. The reasons for the same are the technical glitches, which sometimes disrupt the internet connectivity resulting in sudden break within the sessions leading to dissatisfactory services and disengagement of patients (Bradford, Caffery Smith, 2016). The third and the major form of issue which may be faced over here is the lack of sufficient infrastructural support. The lack of funds and suitable environment within the care setup does not allow for the implementation of sophisticated technologies (Jang-Jaccard, Nepal, Alem Li, 2014). There are additional sustainability issues with the implementation of Telehealth facilities within rural infrastructure. The biggest issue that lies over here is the lack of reimbursement, which could keep the process going to mitigate the additional costs. However, for the realization of the immense capabilities of the telehealth services sufficient collaboration across rural region with emergency departments of nearby hospitals via videoconferencing needs to be set up. Capabilities There are a number of potential benefits of Telehealth in empowering rural health and provide maximum support to the people. As commented by Weinstein et al. ( 2014), navigating between various online and in-person resources can lead to confusion and service abandonment. Therefore, Telehealth allows immediate assessment through triage. In case of primary care services the patients are first attended by a nurse, attendant or general physician. In the context of immediate concern the call is transferred through warm transfer to a telehealth specialist. However, for critical and complex care the patients are directly booked for in-person treatment at a healthcare facility or nursing homes (Weinstein et al., 2014). The telehealth can extend and improve primary care by widening the outreach capabilities of the healthcare services. A patient availing telehealth services can request for follow up appointments online or palce demand for the same through a telehealth brokerage engine. It eases the procedure of therapy adjustments through virtual support system such mobile platforms for informing about the changed schedules and the appointments to the patient population. Telehealth reduces transit burdens on patients with reduced mobility Benefits There are a number of benefits of telehealth services which had been discussed in more details over here. The implementation of such services within the rural set up means that the patients are regularly in touch with the physicians without actually travelling to the centers. As mentioned by Bradford, Caffery Smith (2016), the implementation of telehealth services can actually reduce the burden of unnecessary hospital administration reducing pressure on the limited resources. The Telehealth services can allow transfer of health data in much real time. These could be used by the patient population for getting quick advice across referral windows to specialist care services. The telehealth care services can also be a charged allowing sufficient collection of fees over each visit. Therefore, such initiatives could address the concern over getting sustainability reimbursements over long term. Conclusion Therefore, the telehalth services can actually change the scenario of health care services by providing easy to use, on the go access to medical consultation by the patients. It is particularly useful in reaching out to patients located at distant rural regions and who cannot easily afford costly visits at hospitals. The implementation of such services reduces the dependency on hospitals and reduces the excessive burden on healthcare. Moreover, one of the most positive effects of the incorporation of Telehealth services is that the same could be used for receiving expert opinions within the boundaries of ones home. References Bradford, N. K., Caffery, L. J., Smith, A. C. (2016). Telehealth services in rural and remote Australia: a systematic review of models of care and factors influencing success and sustainability.Rural and remote health,16(4), 3808. Burch, S., Gray, D., Sharp, J. (2017). The power and potential of telehealth what health systems should know: proposed legislation in Congress offers the promise that the nation's healthcare policy will support the expansion of telehealth, allowing hospitals and health systems to fully realize the benefits of this important emerging approach to care.Healthcare Financial Management,71(2), 46-50. Jang-Jaccard, J., Nepal, S., Alem, L., Li, J. (2014). Barriers for delivering telehealth in rural Australia: a review based on Australian trials and studies.Telemedicine and e-Health,20(5), 496-504. Weinstein, R. S., Lopez, A. M., Joseph, B. A., Erps, K. A., Holcomb, M., Barker, G. P., Krupinski, E. A. (2014). Telemedicine, telehealth, and mobile health applications that work: opportunities and barriers.The American journal of medicine,127(3), 183-187.

Tourism Systems of Clipper Bay-Free-Samples-Myassignmenthelp.com

Question: Discuss about the Tourism Systems of Clipper Bay. Answer: Introduction In ancient times, the revitalization of economy and growth meant conquering the new land and plowing out new resources from that particular area, which has changed in the present times (Burayidi, 2013). Now, it means to the development and growth of society and community within the defined borders of land. Under economy development, if the growth of society is not considered, then it will lead the resources to depletion and people to distress. This report includes the economic revitalization thorough tourism at Clipper Bay. Clipper Bay is the area that has the population of 5000 from three different generations and it has the economic capacity for development because of livelihood purpose of its people, such as; rich heritage and fishing that has been kept still alive by the community people. The government in this area thinks that tourism will be profitable in finding new opportunities. This report examines the development approach for enhancing tourism at Clipper Bay (Aina, Babatola, 2015). There are different factors, which may impact the tourism, such as; economic, socio-cultural and environmental factors. Moreover, it describes a sustainable approach, which can be practiced for the development of tourism at Clipper Bay, i.e. responsible approach. Furthermore, it includes the discussion about different stakeholders, who are related to the economic revitalization through tourism activities at Clipper Bay. Approach for Development Looking at the requirement of economic revitalization for the society to consider the problems of transformation, to safeguard the community from economic decrease and reduction of resources and to prevent the natural and cultural heritage from failing with the development in population, it was essential to plan a development project for the society of Clipper Bay. The people in the city need revitalizing their economy by enhancing the industries, commercial areas, corridors and highways (Arch Daily, 2010). In todays competitive business world, the entrepreneurs need to make efforts to encourage the local culture and different businesses for improving the quality of life within the area. The governments can execute a better development approach by engaging the community people and other people, who are very much concerned about the justified outcomes. Under this development approach, first, it is very significant to identify the business industries in the town as a major part of this economic revitalization. In this area, fishing industry is the major industry that is the reason of peoples livelihood. So, this industry can be considered for the enhancement and development. Apart from this, two other sectors, i.e. farming and agriculture can also generate the more income of the future generation. The authorities in the town should look at these two industries and enhance their domestic culture and tourism by creating more revenues (Burayidi, 2013). This development approach will assist in economic renewal. In addition, the government should conduct community awareness program and plan to make the people aware. It is very important that public at Clipper Bay is attentive of their well-being and towns development. At Clipper Bay, the travel and tourism managers should twig an instruction board at tourist attractions, which should be monitored by all the tourists. Under this development approach, the government should include all the related parties in economic revitalization procedure (Crde nas-Garca, Snchez-Rivero, Pulido-Fernndez, 2015). Cost Benefit Analysis Cost benefit analysis is a significant approach, which can be executed for the economic development of the tourism processes. This is an analysis, which is implemented by the firm to make decisions in diverse circumstances, where it has to create an investment plan is estimated to produce substantial benefits and costs, which cannot be used through transactions in market (Chathoth, et al, 2014). At Clipper Bay, if the cost benefit analysis will be executed, then it will help the authorities to focus on significant factors of tourism development or their positive and negative impacts. At Clipper Bay, the tourism management will apply cost and benefit analysis by considering different aspects, such as; pool of labor, ease of access and resource availability (Chiu, Lee Chen, 2014). Availability of Resources The visitors from all over the world travel to Clipper Bay for exploring its natural attractions. The people travel from different urban locations to get relaxed from their busy life. The government can make investment on establishing hotels and resorts along with the coastal area to provide enough water supplies to the travellers and tourists. Thus, at Clipper Bay, eco-tourism can be conducted by bringing the travellers to lime stone caves and go for the camping in forest areas. Ease of Access The travellers can approach to the area of Clipper Bay via road, which will reduce their travelling time. The government will increase the number of busses after constructing the highways. By this, it may be possible that population may confront the problem of overcrowding, when the number of travellers to Clipper Bay will be increased. At Clipper Bay, two way coastal roads can practice as an appropriate way to make control on the guests and tourists. Thus, building highways and roads will be very advantageous for the town. It will give various benefits to the development of city in the timeframe of next few years (Eusbio, et al, 2016). Pool of Labor Pool of labor is another factor, which can be utilized in cost benefit analysis. The population at Clipper Bay is engaged in fishing business and they may have battle for the tourism development of the Bay. Under this process, tour operators may face several problems because there is a small pool of labor with the limited settlement of capacity. These managers will require making the public aware to evolve them with ability and understanding about the eco-tourism and hire the workers from nearby towns. In this way, these three factors demonstrate that this is an appropriate way to choose tourism as effective source for Clipper Bay town along with these circumstances (Fennell, 2014). Sustainable Approach The approach that can be used at Clipper Bay is Responsible approach of tourism. At Clipper Bay, tourism has been chosen for economic renewal, so it will implement this approach. Responsible tourism approach is a policy that aims to ensure that clients and authorities work in a way, which is culturally, socially and environmentally sound. This approach involves all the parties and external stakeholders in the tourism revitalization activities. This approach will focus on the point that all the parties and external stakeholders are equally accountable for the process of tourism development and growth. By applying this mechanism, different divisions will perform the processes by establishing the goals of making the town better to live and to explore. It will be advantageous for economic renewal at Clipper Bay (Grunwell, 2014). This approach will assist in improving the tourism sector at Clipper Bay and it will definitely rejuvenate this town area economically. Moreover, it will decrease the adverse effects of socio-cultural, economic and environmental factors and provide economic advantages to the local population of Clipper Bay. Infrastructure Plan For the tourist place like Clipper Bay, the fundamental infrastructure includes the hotels, highways, roads, electricity, parks, buildings, hospitals, towers and other structures, which support development of tourism. At Clipper Bay, the government will implement the Geographic Information Mechanism for transforming its infrastructure program. It will include different components, like; planning network for transportation and different zones, visitors division etc., which will assist the concerned department in managing all the areas of tourism. By doing this, they can communicate with all related parties, like; visitors, transportation people etc. (Kim Seo, 2014). Next stage under this plan will be zoning that will consist of different zones of town, which will be considered according to the interests of travellers. In addition, it will make efforts to connect all the zones via road networks. Superstructure In the area of travel and tourism, sustainability and effectiveness of implemented changes cannot be monitored without improving its superstructure, so there is a requirement of enhancing the components of superstructure. At Clipper Bay, this superstructure can comprise of several facilities, which are provided at the tourist attractions in the town (Leigh Blakely, 2016). The major facilities of its superstructure consists of hotels rooms, medical facilities, showers, rescue teams and centers, changing rooms for the people, security team and security towers and food stores with different menus. Stakeholders In the sector of travel and tourism, stakeholders play a critical role. Under this economic revitalization, there may be many stakeholders in the industry at Clipper Bay. These stakeholders are, such as; domestic businesses, residents, employees, activist groups, tourists, tourism agencies, government, community and other related authorities. These all the external stakeholders will have their own duties and responsibilities in the development of eco-tourism at Clipper Bay. The below-given diagram shows all the stakeholders, who will execute these processes communally. All of these stakeholders will act for the benefits of public of Clipper Bay and tourist arrivals by creating awareness among people and satisfying their social and cultural responsibilities towards them. Economic Factors in Tourism Advantages There are some economic factors, which are beneficial for the tourism at Clipper Bay. These factors includes are stated below; Balance of Payment and Employment Opportunities: Along with this economic revitalization, there will be opening of new hotels, resorts and restaurants, which will increase the employment options for the people at Clipper Bay. This will offer direct employment for the local population of the city. The development in eco-tourism will improve both direct and indirect employment, when local entrepreneurs appoint more employees to handle the increasing requirements and demands of visitors (Ardahaey, 2011). Multiplier Impact: A multiplier effect is an effect that occurs, when the public starts to expand their funds on exploring different tourist places. At Clipper Bay, the tour managers will have the direct effect of multiplier, when they will earn cash from tourists. In addition, there will an indirect impact on local people of Clipper Bay, when they will sell their local food, i.e. sea food and earn wages from this service as a better outcome of tourism business. By this, people will generate a significant income, which will enhance their lifestyles and standards. It will make the economy stronger and enhance the tourism activities at Clipper Bay (Frey George, 2010). Disadvantages With the development in nations economy, the situation of inflation may occur at Clipper Bay. Increased number of visitors will expand the production and sales of local supplies. It will enhance the expenses of local population, which will affect the inflation adversely. Due to this, the local people will face additional costs and expenses on their living. Under this procedure, local authorities can make efforts to control the inflation by executing an effective approach, i.e. concretionary (Lee, 2013). Moreover, there is another disadvantage is the enhancement in employment options. However, it will be better for the local public, but it will make them switching from their traditional and local business, i.e. fishing to hospitality and travel sector. Socio-cultural Factors in Tourism Advantages Cross-Cultural Responsibility: Domestic people can show their lifestyles and culture to the tourists, coming to Clipper Bay. It will not allow the travellers to gain the knowledge about indigenous domestic people, but also these people will always be ready to spend mindfulness via being more informal. At Clipper Bay, the local population will possess the capacity to get the advantage when regular travellers start to show their interest and assist them in regular lifestyles and activities (Lu, Chi Liu, 2015). It will help in revolutionizing the eco-tourism and combine new and innovative things from other cultures. Exposure of Local Artworks: The local authorities at Clipper Bay should emphasize on the exposure domestic artworks of town. This disclosure will grow the number of tourists and visitors, who are reaching to the town because there is direct link between tourists and local population. With the increase in the awareness among people, there will be commercialization of artworks. In addition to this, the authorities can emphasize on the town with the traditional center to safeguard them and it will make sure that there are only local craft goods, which are sold at these centers. Protecting the heritage: There should be some changes in the rules and legislations, which are imposed on the tourist attractions at Clipper Bay. Government can use the collected taxes to establish a gallery in the town for young generation and visitors, so that they can know about the history. It will hire an instructor, who can protect the local heritage and culture and making it sure that there will not be pollution from industries, factories and vehicles (Mowforth Munt, 2015). Disadvantages There are some disadvantages of these socio-cultural aspects from the eco-tourism at Clipper Bay, which may impact the economic revitalization in the town. The tourists from different cities and states will be arriving to the town, which will divert the young generation from their routine life and work. It will cause loss of tradition because local people will ignore the fishing business for having jobs in hospitality industry. This will have huge impact on social and traditional aspects of Clipper Bay (Souza Lapa, 2015). Moreover, the area may face the situation of moral breakdown, such as; intake of smoking and alcohol, which can affect the religion in the town. There are some other disadvantages of these factors are such as; insufficiency of resources due to increased visitors at Clipper Bay. Environmental factors in Tourism Advantages There are some advantages of environmental factors in tourism at Clipper Bay. These aspects are stated below; Preventing the environment and its elements: This can be stated that this economic revitalization process will assist the government in protecting the environment and its components, like; water, air and living things. Under this process, the local authorities will make focus on allocation of needed land for parks for safeguarding the life of animals and other creatures. It will make the people secure by keeping the harmful animals in restricted area of these national parks (Sinclair-Maragh, Gursoy Vieregge, 2015). It will make efforts to protect the vegetation. In this way, these environmental aspects will help for improving the life of plants and wildlife at Clipper Bay. In order to revitalize the tourism in the town, the government will make environment-friendly and green initiatives in the town. It will definitely enhance eco-tourism and environment at Clipper Bay. Disadvantages Apart from the above advantages, there are some environmental factors, which will affect the tourism at Clipper Bay adversely. The area may confront the problems related to, air pollution, water pollution, noise pollution and soil pollution. Enhanced usage of transportation, such as; busses and planes will pollute the air in the city (Lynch, 2013). Because of increased tourism activities, there will be chances of mismanagement and wastage of natural resources, such as; water, land etc. In addition to this, there may be some environmental issues, like; pollution due to consumption of cigars, drugs and use of plastic bags. Conclusion Thus, it is hereby concluded that tourism can be a primary area for economic revitalization at the town, i.e. Clipper Bay. To attract an increased number of travellers, the government has made a plan to enhance the infrastructure, superstructure and attractions in the town. It has developed a well-organized plan to handle the future changes and to maintain the tourist attractions in the town. From the above report, it can be concluded that this economic revitalization at Clipper Bay will assist in increasing the job opportunities, enhancing tourism, improving the lives of local people etc. It states that it is good to focus on a single area for improving the economy of country. By revitalizing the economy at Clipper Bay, the town will be developed as a popular tourist place. At the end, this report consists of merits and demerits of above given factors, which are associated with the development of travel and tourism. References Aina, O. C., Babatola, O. (2015). CULTURAL TOURISM: A SUSTAINABLE DEVELOPMENT STRATEGY FOR NIGERIA RURAL AREAS.Journal of Geography and Planing Science (JOGeP),6(1), 1-14. Ardahaey, F.T. (2011). Economic Impacts of Tourism Industry. International Journal of Business andManagement, Vol. 6, No. 8, pp. 206-215. Arch Daily. 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