oa South African Journal of Economic and Management Sciences - Economic basics of tourism
|Article Title||Economic basics of tourism|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Affiliations||1 Department of Economics, University of Pretoria|
|Publication Date||Jun 2001|
|Pages||306 - 315|
|Keyword(s)||0 10, Costs, Developing countries, Development instruments, Economic development, Economic theory, Economics, Employment, JEL, Risks and Tourism|
ISI Social Science
This paper sets out to discuss the potential of tourism as a development instrument for underdeveloped economies. This is done by drawing on economic theory as well as evidence from the real world. While it is acknowledged that tourism development is one of the growth options for these countries, it is a policy often pursued against a background of a narrow resource base and serious balance of payments difficulties. However, only by observing sound economic principles can tourism be expected to achieve its economic goals.
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