The economic benefit of the cruise industry on developing nations is important for these emerging economies. According to the Dominica Ministry of Tourism, global tourism is projected to grow 4.5 percent annually, and will generate 3.3 million jobs per year. In addition, Jack Holder has found that regionally, tourism accounts for a quarter of foreign exchange in the Caribbean islands, with over 1,800 worldwide ports of call for cruise ships, most of these located in the Caribbean and Bahamas. Although the Florida
Caribbean Cruise Association found that 46 percent of all cruise itineraries visit the Caribbean, the rise in cruise tourism has small benefits for developing nations in the Caribbean. Similarly in the Mediterranean, Nicolas Vernicos postulated that these nations embrace a market-driven ethic that maximizes short-term gain over long run environmental stability, as cruise ship passengers spend little time in the country and the money they do spend often ends up benefiting the cruise line, not the local economy.