Devaluation and Tourism

The decline in the value of the US dollar actually brought some benefits to the economy. It is an old economics mantra that a devaluation encourages exports while discouraging imports. This is because the US dollar becomes cheaper in the international marker and therefore, products priced in US dollars now become cheaper. In regard to tourism, a devaluation also helps since foreigners will start to find it more affordable to have a vacation locally. Ordinary people from other countries, for instance will bnow find hotels in las vegas more affordable. But countries like the United States, though, has to keep a sharp watch on the arriving tourists to make sure that they do not end up as illegal immigrants who will compete for jobs with the local population. In regard to outsourcing, let's hope that the BPO destinations are able to continue giving better rates now that the dollar is down.