This study forms an entirely new area of research on Small Island Tourism Economies (SITEs). It addresses the importance of uncertainty in monthly international tourist arrivals and country risk indicators to the macroeconomy. Conditional volatilities are estimated for international tourist arrivals, and an economic interpretation from the estimated results is provided. In achieving these two objectives, this work presents an extensive assessment of the important characteristics and the impact of tourism in SITEs in relation to their gross domestic product, balance of payments, employment and foreign direct investment, among other factors. This book is unique in giving emphasis to macroeconomic implications rather than an industry focus. The Economics of Small Island Tourism will appeal to academics at the undergraduate and postgraduate levels involved in environmental and tourism management as well as tourism economics.
This book argues for a broader approach to sustainable growth in Small Island Developing States (SIDS). Small island states such as those in the Caribbean, Indian Ocean and South Pacific face significant and growing threats from climate change, increasing political and social volatility, and rapidly evolving global trends in technology and tourism. Based on ten years of research, this book looks beyond the Blue Economy of tourism and fisheries and provides a model of how creative industries, innovation networks, creative clusters and digital transformation can give SIDS the foundation for a strong sustainable future. The book provides not only insights into how these emerging digital-creative sectors can drive developing economies but also actionable tools for policy makers, entrepreneurs and academics to deliver increased performance on the United Nations Sustainable Development Goals and, ultimately, growth and sustainability. This book will be of great interest to scholars and practitioners of economic geography, sustainable development, development studies and the creative industries.
The book provides fresh look at the issues of sustainable development, degradation of natural resources and vulnerability to climate change in Small Island developing states (SIDS). It documents the deteriorating state of SIDS and adaptation efforts made to address the impending crisis of unsustainable economic growth with international, national and community support. Authors have discussed issues like macroeconomic trends, vulnerability, resilience capability, and SIDS-specific strategies focusing on sectors like trade and tourism. Discussion continues with the examination of democracy, social capital, quality of life, and health concerns. Climate change and natural resource challenges are analyzed using case studies. The book also discusses diplomatic complexities of international climate agreements, collective action and institutional quality constitute the analysis of global environment and sustainable development.
The economic upturn and performance of Mauritius is a far cry from predictions made in the 1960s. The island’s remarkable economic performance since the 1980s can been attributed to a multitude of factors instrumental to the success of the economy, including structural reforms, outward looking export orientated strategies, diversification in the manufacturing, tourism and financial services sectors amongst others, sound economic governance and institutions, and significant investment in human capital. This book attempts to provide a detailed analysis of the various key ingredients which have helped to propel Mauritius to its current status. The various chapters provide important readings for both academics and policymakers, with the final chapter providing key policy strategies which the government needs to implement to help Mauritius graduate to the next level of development: namely to that of a high-income economy and, in moving out of the middle-income trap, laying the foundations for future growth and shared prosperity in the light of both domestic challenges and global constraints.
This unique and thoughtful book considers the tourism specialization, economic growth, and tourism competitiveness of a very specific type of tourism: small islands practicing warm water island tourism. This new book thoroughly examines the phenomenon of why some small island destinations have been more successful than others. The main premise applied is that success and survival of small island tourism hinges on resolving the mystery regarding the relationship between competitiveness and quality of life. In addressing this question, the book reviews four relevant and interconnected concepts: tourism, competitiveness, quality of life, and scale (or size). In doing so, the book enhances understanding of the potential of tourism for the improvement of the quality of life of the residents of small islands. In the last chapter of the book, the author assesses the impact of COVID-19 on tourism and specifically its ramifications for small island destinations. Whether small island populations can rise from beneath the COVID -19 burden that threatens their economic future is yet to be seen. Small Island and Small Destination Tourism: Overcoming the Smallness Barrier for Economic Growth and Tourism Competitiveness is written from a sustainable perspective that combines tourism dynamics, development, competitiveness, quality of life, and business. As such, it is aimed at a broad but higher-level audience including graduate students, academicians and researchers, practitioners, policymakers, and international organizations.
This timely handbook critically examines the development and role of tourism in small Pacific Island states located across Melanesia, Micronesia and Polynesia. The volume presents an expansive evaluation of current issues, challenges and potentialities for the 13 self-governing states. Interdisciplinary in coverage and borne of a varied and international authorship, this handbook incorporates 27 specifically commissioned and original contributions. Structured into four thematic sections and embellished with insightful tables and illustrations throughout, the overarching ethos of this volume is to contribute to framing the role of tourism, tourism development and the tourism industry within the context of self-governing Pacific Island states faced with the challenge of pursuing an independent path of development. In doing so, the work highlights and deciphers various tourism development perplexities in the Pacific, examining closely the intersecting sociocultural, geopolitical, environmental, organizational, operational and strategic challenges. This volume, thus, discusses a range of issues: facilitators and inhibitors of tourism growth and development; climate change, ecological concerns, and eco-tourism; non-tourism and undertourism; crisis management and the COVID-19 virus; transportation and tourism infrastructural concerns; tourism policy and planning (including tourism governance); sectoral links between tourism; food and agriculture; gender and micro-entrepreneurship; community management and participation; cultural and natural heritage sites; and the handicraft industry. The work pays critical attention to the various trajectories of sustainable tourism and the United Nations Sustainable Development Goals. Despite the many challenges and concerns raised, the book implicates the importance of good governance, progressive post-COVID-19 recovery strategies and directives, and creative and imaginative options in the successful development, re-development and advancement of tourism. As a definitive reference resource for this subject area, this handbook will be of great interest to students, researchers and academics within tourism, development studies, geography, Pacific studies, sustainability and environmental studies.
'This report explores the key issues concerning how tourism might facilitate inclusive growth. It provides detailed analysis of both the direct and indirect channels through which the gains from tourism are achieved, and the existing gaps that prevent a fuller capturing of forward and backward multipliers."--Publisher's website
Islands are the most vulnerable and fragile of tourism destinations and will experience even more pressure as the combined impacts of economic, social and environmental change accelerate in the future. In order to understand the process of island tourism development, response to change and challenges and their journey to sustainability, this book provides insights and instruction on topics including social, cultural, environmental and economic aspects of island tourism. It contains essential information for policymakers, planners, researchers, managers and operators within the tourism industry.
The concept of the green economy has now entered mainstream policy debates and been endorsed by a range of United Nations and other organizations. The Rio+20 UN conference specifically drew attention to the green economy approach in the context of sustainable development to move away from business-as-usual practices, act to end poverty, address environmental destruction and build a bridge to the sustainable future. It is increasingly recognized that the tourism sector can make a major contribution to the green economy through more sustainable practices, climate change mitigation and ecotourism. The role of tourism sector will continue to be crucial in the post-2015 sustainable development agenda too. However, there are ambiguities about how tourism and allied industries can maximize their contribution to human well-being and ensure environmentally sustainability, embracing issues of political economy, geography and business ethics. In this context, this book provides consensus about what the green economy entails, what role tourism can play in a green economy, early responses from many countries, on-going and emerging research initiatives that will enable tourism’s transition to a green economy. The chapters address three key themes: understanding the Green Economy concept and the role of tourism; responses and initiatives in greening tourism; and emerging techniques and research implications. A wide range of case studies from around the world and in different contexts is included to demonstrate the extent of the challenge and range of opportunities for the tourism industry.
