Cape Verde: Islands of Vulnerability or Resilience? A Transition from a MIRAB Model into a TOURAB One?

Eduardo Moraes Sarmento () and Ana Lorga da Silva
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Eduardo Moraes Sarmento: Department of Economics, Lisbon School of Economics and Management, ISEG_Lisbon University and CEsA/CSG/ISEG/ULisboa, 1200-781 Lisbon, Portugal
Ana Lorga da Silva: Department of Transport and Logistics, Nautical School Infante D. Henrique, Paço de Arcos, 2770-058 Lisbon, Portugal

Tourism and Hospitality, 2024, vol. 5, issue 1, 1-15

Abstract: Small island developing states (SIDSs) traditionally face a set of challenges like the weak and highly fragile economic configuration, environmental issues, and a traditional dependence on a few economic activities forcing them to open the economy to the exterior. Therefore, their development model, like in Cape Verde, depends on migration, remittances, dependence on aid, tourism, and state employment. The current research offers an insight into the nature of Cape Verde’s economy as a SIDS economy and the degree to which the country has been relying on tourism receipts, external remittances from migrations, aid programs, and government services. Understanding Cape Verde’s development model is important to clarify the challenges the country faces and its development needs to gather a long-term resilience and to understand if it is changing from a MIRAB (Migrations, Remittances, Aid, and Bureaucracy) model into another one.

Keywords: small island developing states; Cape Verde; tourism; MIRAB model; TOURAB model; SITE model (search for similar items in EconPapers)
JEL-codes: Z3 Z30 Z31 Z32 Z33 Z38 (search for similar items in EconPapers)
Date: 2024
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