ECONOMIC IMPACTS OF TOURISM, PARTICULARLY ITS POTENTIAL CONTRIBUTION TO ECONOMIC DEVELOPMENT

Tanja Mihalič
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Tanja Mihalič: University of Ljubljana, Slovenia

Chapter 28 in Handbook of Tourism Economics:Analysis, New Applications and Case Studies, 2013, pp 645-682 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractEconomic debate on tourism development represents only a partial development view, yet in our globalised market economy, it is still integral to any development debate. There is a consensus among tourism economists that, tourism provides positive economic developmental benefits, which are discussed at length in the literature (Bull, 1995; Gartner, 1996; Sharpley and Telfer, 2002; Tisdell, 2005; Tribe, 2005). There is enough evidence that tourism has a potential to influence the economic development of the host region or country and reduce the economic gap between developed and less developed areas; that it is a valuable source of foreign currency earnings that less developed countries need for economic development; that it generates employment opportunities; and last, but not least, it creates earnings through the exploitation of the inherited natural and cultural attractions of the host country. Importantly, however, tourism impacts are not only unidirectional, they might be positive or negative; they are very complex, temporary and might be location and time specific and dependent on many factors. Thus it is also unrealistic to expect tourism to be a magic wand that can solve all the problems of underdevelopment. Therefore, this chapter reviews briefly the main economic developmental impacts of tourism but focuses principally on fundamental issues and discusses many factors and situations that may enhance or reduce the tourism developmental potential of a given regional or national economy.

Keywords: Accommodation and Tourism; China; Congestion and Tourism; Cost-Benefit Analysis of Tourism; Cruise Ship Tourism; Cultural and Heritage-Based Tourism; Demand for Touring; Economic Development and Tourism; Economic Impact Analysis of Tourism; Ecotourism; Educational Tourism; Environmental Conservation and Tourism; Ergodic Events and Tourism; Gambling and Tourism; Health and Tourism; India; Information Technology and Tourism; Infrastructure and Tourism; Inter-Industry Analysis of Tourism; International Tourism; Medical Tourism; National Parks and Tourism; Nature-Based Tourism; Pollution and Tourism; Protected Areas and Tourism; Public Finance and Tourism; Religious Tourism; Special Events and Tourism; Sustainable Tourism; Terrorism and Tourism; The Environment and Tourism; Theme Parks; Tourism; Tourism Economics; Tourism Industry; Tourism Satellite Accounts; Transport and Tourism; Travel; Travel Insurance; Vietnam (search for similar items in EconPapers)
Date: 2013
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