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WebDescribe the advantages and disadvantages of tourism in the modern world.? The advantage of tourism is that the country can earn money easily. What I mean is that … WebAdvantages of neoliberalism: Free market. Promotes freedom of trade, benefiting both sellers and buyers. Elimination of economic frontiers. Competition. The seller must … WebThe development of tourism can drive economic growth and working unit increase, so tourism is a significant catalyst for economic growth and employment. 'Tourism is worth almost £64bn p.a. to the national economy. It contributes 2.8-3.9% of total GDP and earns almost £16bn in foreign exchange each year. lace up bootie