Carles Manera () (Universitat de les Illes Balears)
Abstract
The economy of the Balearic Islands has undergone strong growth in recent decades, although not without big contradictions generated by the maturing of what was a pioneering mass tourism economy. This paper reviews the most recent tourist booms in the Balearics, highlighting the crossroads that the islands’ economy has reached in economic and bio-physical terms. It emphasizes the model’s loss of productivity, the reduction in the earning capacity of businesses (in a process that might be qualified as one of falling profits) and the problems that strong negative environmental externalities and a workforce with a low level of training represent in the maintenance of this growth trend. Lastly, it proposes six basic plans of action in the field of economic policy, based on empirical studies.
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Publisher Info
Paper provided by Universitat de les Illes Balears, Departament d'Economía Aplicada in its series DEA Working Papers with number
23.