Greenland’s Arctic Paradise is the world’s largest most protected natural park, and it is a home to an incredible range of game animals and many spectacular sceneries. In an expedition cruise, one can experience the untouched natural environment and observe giant walruses with powerful tusks as well as the polar bear, which is the most famous predator on earth. To visit this game reserve, one must acquire a permit from the Ministry of Nature and Environment.
In essence, this natural resource has various economic benefits to Greenland because visitors have to get permits to access the park. Various cruises that visit the park also pay a fee to the organizers and staff members of the Denmark Harbor who always launch a weather balloon two times in a day to measure weather, and it is a natural mine for oil and gold during the summers (Tommasini, 2013). Additionally, the Zackenberg Research Station located around the area monitors any research conducted around this world’s largest natural park. To internalize all the costs for visiting this park, the Ministry of Nature and Environment should put in place a department that will monitor all research companies located at the place. In this regard, maintenance of the park should be done using revenue collected from these organizations and visiting cruises.
The four principles of economic renewal show the importance of equilibrium adjustments as it is impossible to gain input without output (Kinsley, 2007). The leak-plugging principle states that when there is more money in circulation, more wages are paid, and people invest more, thus creating more value. In this case, many people living around the national park can make money by providing services to cruises, researchers, and visitors visiting the park. The government should encourage more research stations to be established in the place, and this will help to support existing businesses in Greenland. During the summers mining, the Government should make sure that companies give contracts to its people. Since the game park covers the more than 972,001Km, the government should encourage new local enterprises to invest in the place. Primarily, this will increase business interactions between Greenland and the surrounding areas. The government can also recruit other compatible business. For instance, the government can fund local entrepreneurs to start recreational centers, restaurants, and boardrooms where visitors can spend time.
References
Kinsley, M. J. (2007). Economic renewal guide: A collaborative process for sustainable community development. Rocky Mountain Inst. 3(7), 83.
Tommasini, D. (2013). Ittoqqortoormiit and the National Park of Greenland: A community's option for tourism development. Polar Record, 49(03), 237-239.
