Most countries adopting socio-economic development policies and launching related projects have also invested time and money for speeding up the execution of these projects within a specified time span.
Some countries have launched such development policies especially with regard to job creation, elimination of unemployment, raising standards of living, and reducing social inequalities.
For example, China, one of the world’s five super powers, launched the ‘One Belt One Road’ initiative in 2013 for enhancing the standards of living of people residing in the countries along the new global trade route. Malaysia announced Vision 2020 that aims to place it among leading global nations. The UAE’s Vision 2021, Bahrain’s Vision 2030, Saudi Arabia’s Vision 2030 and Kuwait’s Vision 2035 have become familiar guidelines to measure national growth in these countries. Oman announced its very own Oman Vision 2040 in 2014, to develop its economy and society.
It is indeed encouraging to witness nations across the world racing to achieve similar and integrated visions for economic growth, sustainability and an improved quality of life for their people.
Each country needs to leverage accelerators to implement visions and achieve goals.
The World Travel & Tourism Council (WTTC) estimated in 2016 that tourism contributed about 10 per cent of the world’s GDP and provides one out of every 10 job opportunities globally.
