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Submitted by Anthony on
It should also be noted the environmental degradation that follows the low-end manufacturing route. This cost should be added to any benefit that is achieved from producing low end goods to foreign markets. Also I'm weary of tourism as a economic boon. China right now has a 1.26 trillion Yuan a year tourism industry. This however often leads to the destruction of local ecological habitats and wildlife. Moreover it is demeaning to local minorities and cultures as hordes of Han majority yuppies come stomping through. But then again some cash strapped communities, and local cadres welcome the inflow of cash, but at what cost? However if the tourism industry in built upon a sustainable foundation much like Costa Rica, which accumulates large sums of money from eco-tourism, then I think places like Sri Lanka can benefit. I do like the theme of building on competitive advantages.