Tourism, Friend Or Foe To The Economic Sustainability Of Developing Countries?
AbstractIn 1995, less than 500 million people traveled abroad. In 2011, 980 million people traveled to a foreign country. Tourism is one of the fastest growing sectors of the world economy and it is estimated that it grew at a rate of 4.4% in 2011. This paper examines the postulate that tourism is the answer for developing countries, in the form of eco-tourism. I will analyze the possible link between tourism and economic growth, in terms of trade. The United Nations Development Program’s Human Development Indicator Report for 2010 clearly shows that developing countries that have tourism-oriented economies still rank low according to their HDI. The academics voice concern over the fact that not only do their debt remains unpaid, but new loans are necessary in order to invest in tourism infrastructure. Furthermore, it has been demonstrated that the programs adopted cause more damage than positive effects. If tourism is to continue in this direction, developing countries will not only remain in the same poverty traps as until now, but their condition might worsen as their international debt will soar while their resources, their environment, as well as their population, will suffer tremendously.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Romanian-American University in its journal Romanian Economic and Business Review.
Volume (Year): 7 (2012)
Issue (Month): 2 (June)
eco-tourism; GATS; human development indicator; poverty traps; Fair Trade;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alex Tabusca).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.