Life in the real world

Article Abstract:

The government of Antigua-Barbuda in the Caribbean is encouraging tourist development on the islands. Tourism accounts for 65% of the GDP of the state which has few natural resources other than its climate and coastline. Malaysian entrepreneur Dato'Tan Kay's Asian Village development typifies the government's attitude to tourism. The government possessed and sold the state's Guiana Island to Dato'Tan for $6 million so that he could develop a 2,250-room holiday village. The development encompasses a staff training establishment and some environmental protection measures.

Lodging & Tourist Services, Accommodation, HOTELS AND OTHER LODGING PLACES, Travel industry, Antigua and Barbuda

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Choppy waters

Article Abstract:

The Isle of Wight has one of the highest unemployment rates in the UK, with up to 14% of people out of work during the winter season and 7% out of work in the summer. Retired people account for 26% of the population in 1998, with many young qualified people leaving the island. The largest financial input comes from the Cowes sailing regatta, which is held every year in July. Up to 5,000 sailors and 900 boats attend the gathering which is one of the largest in the world.

National Income & Expenditure, United Kingdom, Economic aspects, Economic development, Isle of Wight

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