SIDS bent on maximizing economic benefits and sustaining tourism

Small Islands Developing States (SIDS) are disadvantaged to a degree due to their sheer size, small population, lack of economies/resources, remoteness and high transportation and communication costs. Heavy reliance on foreign trade and on a narrow range of price-sensitive commodities to generate foreign exchange weighs down the islands’ economy. While tourism could buoy general finances, offering these countries suitable alternatives to generating foreign exchange and aid in developments, the same islands continue to face critical issues that contribute to the vulnerability of their tourism sector. With an […]