Australian Economy Essay

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Recommended: Negative and positive impacts of tourism in australia

Jaspreet singh AZZ3137 Economics for business

TOPIC 1: Micro economics
Australian Tourism Industry – Challenges &Reforms Introduction:- Australia is extraordinarily honoured and blesses with an abundance of characteristic resources including amazing scenes, rich social and legacy assorted qualities and natural beauty. It is a home to such a diverse range of species. People from all over the world visit Australia to spend some holiday time or settle down here. The potential that Australia has to support its economy is phenomenal. Worldwide Tourism has subsequently …show more content…

Australian visit heads and other related organizations need to go absolutely online reasons behind this is that 80% of Australians are currently online and projections show that 66% of the world will make a move as needs be by 2020.To shield and propel the overall centered edge; as of now on 33% of these administrations have these offices, extremely constraining their capacity to extend their impression universally.
- Advance speculation atmosphere by guaranteeing administrative changes:- Interest in tourism is lingering behind interest in different parts of the Australian economy. This needs to change. Government needs to work with industry to help administrative obstructions to speculation.
-Boost tourism numbers from Asia:- With their huge populations, Asian countries, especially China followed by India, can play a vital role in sending visitors to Australia. Many Asian economies are growing exponentially with a burgeoning middle class that boasts of substantial disposable incomes. Australia needs to project itself as a friendly, nearby English speaking destination that compares favourably with any Western developed nation. Marketing campaigns and visa regulations need to be tailored with this section of tourists in …show more content…

(2015). Australia's International Tourism Industry - Productivity Commission. [online] Available at: http://www.pc.gov.au/research/completed/international-tourism [Accessed 6 Apr. 2016].
Tourism 2020.(2011). Department of Resources, Energy and Tourism. Available at: http://www.tourism.australia.com/documents/Tourism_2020_overview.pdf [Accessed 6 Apr. 2016].
Wilkinson, J. (2006). Tourism in NSW: Prospects for the Current Decade. NSW Parliamentary Library Research Service. Available at: https://www.parliament.nsw.gov.au/prod/parlment/publications.nsf/0/A5480D46A9CE0129CA25717D00161D52/$File/Tourism%20in%20NSW&Index.pdf [Accessed 6 Apr. 2016].
Ruthven, Phil, 2016. Australian Business and Society of the Future. A Snapshot of Australia’s Digital Future to 2050 , 1, 1.
Central Intelligence Agency. 2016. The world Factbook. [ONLINE] Available at:https://www.cia.gov/library/publications/the-world-factbook/fields/2116.html.[Accessed 27 April 2016].
Asia-Pacific Economic Cooperation. 2016. Trans Pacific Partnership. [ONLINE] Available at:http://www.apec.org.au/docs/currentsrmit/2012-1/index.html. [Accessed 27 April

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