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Impact of Tourism and Hospitality in the Lives of Local Communities

Impact of Tourism and Hospitality in the Lives of Local Communities Introduction The hospitality and tourism industry worldwide is continuously growing in the 21st century. This industry encompasses hotels and other accommodations, restaurants, fast food retail, bars, and catering. It has been characterised in recent decades by the development of an increasing range of highly segmented products and services. Basically, tourism is one of the fast evolving industries that contribute to the development of the society.  In this research paper, evaluations and investigations will be facilitated pertaining to the impact of tourism and hospitality in the lives of local communities.  Basically, tourism is characteristically considered as travelling for leisure, though this definition has been extended in recent years to consist of any travel outside of one's usual working or living area. As stated by Ashe J. (1999), tourism is very important because it brings profit into an area. I...

a study concerning the impact of global financial crisis to the SMEs in Singapore

English: Secretary Geithner met with Mexican Finance Minister Agustin Carstens at the U.S. Department of the Treasury on February 9, 2009 to discuss strengthening U.S.-Mexican economic and financial cooperation and to exchange views on the U.S. and Mexican responses to the global financial crisis. (Photo credit: Wikipedia ) International Business Environment RATIONALE Every business endeavour or venture is constantly faced with financial management problems to which the owner or manager should be able to attend to in order to take the business to success especially during the times of crisis that the global communities are facing. Thus, key financial decisions normally confronts the managers in issues and problems that concerns financial investments they usually provide answer to the problems regarding the assets on which the company of firm needs to put money and how a chosen investment should be financed. With this consideration, we may say that the current credit crunch...