Since it opened its doors to tourism and globalisation, Bali has been transformed from a tranquil island dependent on agriculture as an economic staple to a hustling and bustling destination driven by tourist revenue.
4 Shifts of Globalisation
The shifts of globalisation summarises the advancement of Bali with tourism to make it viable to tourists.
1. Financial Deregulation
 |
| Foreign banks-compaitable ATM in Bali |
With increasing popularity of Bali as a tourism destination, many investments have been made by international businesses. Tourist arrivals from other countries have also brought about an influx of currencies and financial deregulation in Bali's (Indonesia) economy. To begin with, currency exchange have been established. ATMs which are compaitable with foreign banks are also available in Bali.
2. Technological Change and Innovation
 |
| Nghurah Rai International Airport |
Technological advancement brought about to support tourism is evident in many aspects of Bali today. Infrastructure development to facilite tourists' experience can be found in many areas, with the most obvious being in resorts. Irrigation systems have been set up to ensure constant flow of water especially to tourism areas (resorts etc). Also, up-to-date technology is also brought in by foreign investmentors of resorts (e.g. spa facilities).
The airport constructed to increase accessibilty to and from Bali is also a result of technological change brought about by tourism development.
3. Media and Communications
 |
| WIFI Availabilty in Bali |
Globalisation, with tourism has opened Bali to the world via the Internet. Marketing efforts and information about Bali is spread to the world as people share their experiences. Communication channels have also been improved in Bali, with stable Internet connects more widely established to facilitate the needs of tourists.
4. Time and Cost of Moving Commodities
 |
The Centro Departmental Store
offers a range of foreign products |
Time and cost of moving commodities have been reduced with improved technology and infrastructure. A wide range of international products can be found on top of existing global products to better meet the needs of tourists. This is made possible with the reduced speed and cost of shipment following the development.
