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Building a Resilient Local Economy: The Influence of Global Crises on Deglobalization of the Tourism Supply System

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  • Kesar Oliver

    (Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia.)

Abstract

In the context of current deglobalization trends this research aims to investigate the need for changes in tourism supply system by analysing perception and expectations of procurement managers and suppliers of goods and services related to growing inflationary pressure on business costs and raising concerns about vulnerability and instability of the global supply chains. Based on survey and semi-structured interviews conducted among hotel procurement managers and local suppliers in popular seaside tourism destinations in Croatia, this research provides empirical evidences of the necessity to strengthen local capacities for the production of goods and service delivery using local resources in accordance to the principles of sustainable tourism development. The greatest concern respondents showed regarding the rising prices of energy, which was expected due to actual political situation in Europe. Study also provides some policy recommendations for ‘reinventing’ local production of goods and services for tourism-related purposes.

Suggested Citation

  • Kesar Oliver, 2022. "Building a Resilient Local Economy: The Influence of Global Crises on Deglobalization of the Tourism Supply System," Zagreb International Review of Economics and Business, Sciendo, vol. 25(s1), pages 105-123.
    • Handle: RePEc:vrs:zirebs:v:25:y:2022:i:s1:p:105-123:n:1007
    DOI: 10.2478/zireb-2022-0027
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    References listed on IDEAS

    as
    1. Nixon, Stewart, 2020. "Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis," Research and Policy Briefs 152015, The World Bank.
    2. Harold James, 2018. "Deglobalization: The Rise of Disembedded Unilateralism," Annual Review of Financial Economics, Annual Reviews, vol. 10(1), pages 219-237, November.
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    More about this item

    Keywords

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    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z31 - Other Special Topics - - Tourism Economics - - - Industry Studies

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