Sunday, May 20, 2012

Week 8 Post

In the article, Tourism Revenues Increase by 10.5%, the author talks about how by the end of April, tourism in Jordan increased by 10.5% from March's revenues and 20.6% from the year before. This is good for Jordan's economy because it allows for more jobs in the tourism industry and it help's Jordan's GDP. Tourism is considered a service export in GDP, so, the rise in tourism in Jordan increases net exports which increases GDP.

Speaking of increased tourism in Jordan, the king of Jordan is building a Star Trek theme park! It began construction March of this year. It is planned to have four hotels and 17 attractions. Because this is the first of its kind for this franchise, and because there are many hardcore Star Trek fans throughout the world, it is very possible to see tourism in Jordan significantly peak again once this project is finished. I guess a king's childhood tv show will lead to some spectacular increases in Jordan's GDP.

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