GEO 802 Lecture Notes - Lecture 5: Dutch Disease, Simon Kuznets, Import Substitution Industrialization
14 Sep 2018
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Document Summary
Positive economic impacts of tourism: foreign exchange earnings, encourage foreign exchange (main, often have delta on the foreign exchange, provides venture capital which is needed by private sector to generate further economy, income by gaining taxes. Indirect (goods and services: government revenue, vat, improve or expand airport terminals to meet international standards, invest in provision of efficient transitional system (ppl invest, reciprocal relationship between the government and the industry. Government rely on business tax to provide infrastructure. Infrastructure improvements: growth pole strategy, maquiladoras, spin off effect of economic development through the entire region. Ex) gold coast: over supply of labour some ppl will go for unemployment insurance from the government. Measurements of the economic impacts & significance of tourism: gross national product (gnp, developed by simon kuznets. It is not a measure of welfare of nations, meaning that it is possible that a country of high gdp, but it does not mean how the income is distributed.
