What is the economic development of Aruba?

Before independence, Aruba's economy mainly depended on the oil refining industry, and American petrochemical companies invested heavily in it. Due to declining profits and aging equipment, Americans sold their assets and the oil refining industry plummeted. In order to survive, Aruba has vigorously expanded its tourism industry and achieved remarkable results. Although Aruba is small, it is endowed with unique advantages: it is located outside the scope of Atlantic hurricanes, with abundant sunshine, less rainfall and beautiful coastline, which is a favorable factor for developing tourism; Political stability, good public order and simple folk customs are another condition to attract tourists. Starting from the capital Oranjestad, all along the southwest coastline have been turned into tourist areas, and various high-end hotels and resorts have been built one after another, which are beautiful and cater to the tastes of high-consumption people. Aruba's tourism industry is unique, unlike its counterparts in Mexico and Cuba who only know how to attract low prices and vicious competition, and it is very colorful.