Cultural Tourism and Economic Development

2019 ◽  
pp. 13-44
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Focal Point ◽  
Cultural Tourism ◽  
Travel And Tourism ◽  
Long Run ◽  
Tourism Attractions ◽  
Key Aspects

There are many links between cultural tourism and economic development. Governments from entire nations down to cities and counties have made tourism a focal point in their economic development efforts. This chapter discusses 18 types of cultural tourism attractions ranging from architecture to gastronomy to sex. Each of the types of cultural tourism are assessed in terms of the level of interaction between a tourist and an attraction. Travel and tourism's contribution to gross domestic product (GDP) has outpaced overall GDP in 62% of the 185 countries studied by the World Travel and Tourism Council in 2017. Tourism's contribution to GDP exceeds 10% for several countries with Iceland topping the list at 20.1%. Sustainability is a key to the success of any long-term development strategy, and this is certainly the case with cultural tourism. The tradeoff communities face is maximizing short term returns versus managing development (tourism) to maintain the quality of the resource for the long run. Over-tourism results when an attraction or a community experiences numbers of tourists beyond the carrying capacity of the attraction. While the marketplace is better suited for managing much of tourism and its impacts, government is uniquely suited to manage some key aspects of tourism. Government is better able than business to manage for the long term. Additionally, governments can weigh costs and benefits to different groups (e.g., residents versus tourists). Two case studies are presented to highlight these issues.

The Construction Sector in Mozambique

2020 ◽  
pp. 183-208
Author(s):  
António S. Cruz ◽  
Francisco Fernandes ◽  
Fausto J. Mafambissa ◽  
Francisco Pereira
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Debt Crisis ◽  
Construction Sector ◽  
Construction Costs ◽  
Construction Companies ◽  
Long Run ◽  
Policy Measures

Mozambique’s construction sector has long played an important role in the economy. However, this sector has proven to be vulnerable to economic fluctuations, such as those which emerged after 2014 with the macroeconomic and debt crisis, and faces challenges which need to be addressed through long-term sector policies. International experience shows that investment in infrastructure and human capital can play a key role in economic development by enabling expansion in activities, deeper intersectoral integration, and structural transformation in the long run. However, when countries face high construction costs, this can negatively affect the quality of public infrastructures. Moreover, bottlenecks affecting construction companies prevent them from expanding, which leads to an increase in costs and prices when there is a surge in demand. This chapter aims both to identify the main bottlenecks affecting the sector and to present some policy measures.

Russia’s Development Strategy: Guidelines and Restrictions

2008 ◽  
pp. 119-130 ◽  
Author(s):  
V. Senchagov
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Conceptual Basis ◽  
The Core ◽  
Economic Development Strategy ◽  
Socio Economic Development ◽  
Rates Of Growth

The core of Russia’s long-term socio-economic development strategy is represented by its conceptual basis. Having considered debating points about the essence and priority of the strategy, the author analyzes the logic and stages of its development as well as possibilities, restrictions and risks of high GDP rates of growth.

scholarly journals Baukultur, Culture and Recreation-led Economic Development: The value of developing Sundre, Alberta’s qualities of living and place

2019 ◽  
Vol 18 ◽  
pp. 124
Author(s):  
Jonathan Allan
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Direct Investment ◽  
Important Variable ◽  
Development Economic ◽  
Economic Diversification ◽  
Economic Development Strategy ◽  
Quality Of Place ◽  
Quality Of Living

<p>What are the most important factors related to economic development? This paper explores the essential variables necessary for destination development and inward direct investment. These variables include: quality of living, quality of infrastructure, and quality of workforce. Quality of living is considered the most important of these to spur on economic development. Many business operators would rather live where they invest making quality of place an equally important variable that is intrinsically linked to quality of living. Destination development through place-building techniques, informed by the concept of <em>baukultur,</em>is assessed using quality of living, economic development and economic diversification as markers. Quality of living and quality of place are inherently connected when attracting business and growing employment, therefore, these two terms will be referred to as QLP throughout this paper..  Intended to help program and policy planners understand these concepts, this paper will explore cases of successful exercises of destination development that involve recreation and culture-oriented place building. The paper will then look at how to apply learned QLP concepts toward a culture- and recreation-led economic development strategy for the small foothills community of Sundre, Alberta. </p><p><strong>Keywords: </strong>place building, quality of place, quality of living, <em>baukultur</em>, QLP, development, economic development, destination development, inward direct investment, creative class</p>

scholarly journals Efficiency Problems in the System of Key National Indicators

2012 ◽  
pp. 168-171
Author(s):  
E. A. Brendeleva
Keyword(s):  
Economic Development ◽  
Social Welfare ◽  
Development Strategy ◽  
The State ◽  
Institutional Characteristics ◽  
National Economies ◽  
The Way

The article talks about the key national indicators characterizing economic development, as well as the problems associated with the aims set in the framework of these indicators. The paper also looks at the possible changes in the existing system to asses the state of national economies and social welfare, as well as in the way institutional characteristics of a particular country are considered in this system, with the final aim of deciding on the states’ long term development strategy.

scholarly journals Influence of political turbulence on economic development of Ukraine

2019 ◽  
pp. 22-36
Author(s):  
Taras Marshalok
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Economic Situation ◽  
Political Factors ◽  
Political Transformations ◽  
Political Cycles ◽  
Economic Sphere ◽  
Macroeconomic Indicators ◽  
Economic Imbalances

Introduction. The influence of political factors on economic processes in Ukraine is extremely important. Changes in political elites, their use of certain social and economic instruments, types and models, affect the state of social and economic development of the country in the short, medium and long term. That is why research and analysis of the economic situation in political cycles is an important issue that needs to be studied. Methods. The theoretical and methodological basis of the research are the fundamental positions of modern economic theory, scientific works of scientists on the problems of economic cycles. The general development of the Ukrainian economy under the influence of political factors is analyzed in the course of the research on the basis of the historical approach, as well as the method of analysis and synthesis used to determine the influence of political cycles on the development of the country's economy, abstraction and synthesis, comparison and analogy when comparing the results obtained by researchers and establishing the possibility of their use for carrying out tasks for the prevention of economic imbalances. Results. The article deals with the influence of political cycles on the economic situation, the dynamics of macroeconomic indicators and economic development in Ukraine. The main problems of economic policy are outlined and recommendations on elimination of economic imbalances and increase of welfare of citizens, increase of efficiency of fiscal measures in Ukraine are developed. It has been determined that in order to overcome the above-mentioned problems in the economic sphere in the process of elaboration of the economic development strategy for the long-term perspective, it is necessary to involve experts from among the scholars, business circles, expert analytical organizations in forming the directions of implementation of fiscal policy in the long-term perspective, as well as to ensure transparent and open relations. between state authorities and other actors in the social and economic sphere. Discussion. The study of political transformations and the analysis of their impact on economic fluctuations will enable future researchers to use better the results of their work to prevent economic imbalances in Ukraine. Keywords: prime minister, politics, economy, gross domestic product, taxes, expenditures, deficit, public debt, inflation, personal incomes, currency rate.

INTELLECTUAL CAPITAL REPORTING STUDY OF IT-SECTOR CORPORATIONS IN INDIA

2011 ◽  
Vol 01 (01) ◽  
pp. 16-28
Author(s):  
Madan Lal Bhasin
Keyword(s):  
Intellectual Capital ◽  
Annual Reports ◽  
Voluntary Reporting ◽  
Reporting Practices ◽  
External Stakeholder ◽  
Long Run ◽  
Wealth Generation ◽  
Voluntary Basis

Intellectual capital (IC) can prove to be a source of competitive advantage for businesses ultimately leading to wealth generation in the long-term. At present, reporting of IC information is done by very few leading corporations purely on a “voluntary” basis. Unfortunately, the omission of IC information may adversely influence the quality of decisions made by shareholders, or lead to material misstatements. India presents an ideal case for the analysis of IC reporting by the IT corporations because the economy has been undergoing rapid transformation.This study attempts to provide an insight into the style of IC reporting done by the top IT-sector corporations in India. In order to survey the recent IC reporting practices, we conducted a study of 16 IT corporations in which “content analysis” was performed on their 2007 to 2009 annual reports. The results of this study confirmed that IC reporting in these corporations is almost negligible, and IC reporting had not received any preference from the mentors of these corporations. A major recommendation for corporations is to develop strategic and tactical initiatives that provide for ‘voluntary’ reporting of IC. These initiatives may initially be used for internal management purposes, but an external stakeholder-focus IC report should be the ultimate long-run goal.

Long-Term Effects

2012 ◽  
Author(s):  
Judith G. Kelley
Keyword(s):  
Long Term Effects ◽  
Considerable Time ◽  
Long Run ◽  
Administrative Framework

This chapter compares how several countries respond to recommendations by monitors in the long run, and whether the overall quality of elections improves throughout multiple monitored elections. Most monitoring efforts aim not simply to deter overt cheating in a single round of elections, but to bring changes in the long run. This is one reason many organizations invest considerable time on the ground. More than half of monitored elections have at least one pre-election visit by an organizational delegation, and in about 40 percent of elections at least one organization arrived a month or more in advance. Most importantly, international election monitors usually include many recommendations in their reports. These recommendations call attention to current problems in the legal and administrative framework for elections and often make concrete suggestions about how to address them.

PRIVATE MEDICAL INSTITUTION BUSINESS MODEL TRANSFORMATION

2017 ◽  
Author(s):  
Alla Osokina ◽  
◽  
Tetiana Mysyshyn ◽  
Keyword(s):  
Development Strategy ◽  
Business Model ◽  
Model Transformation ◽  
Business Models ◽  
Model Development ◽  
Quality Of Services ◽  
Medical Institutions ◽  
Key Aspects ◽  
Business Model Development

The purpose of this article is to describe the key aspects of the transformation of outdated business models of private healthcare institutions in Ukraine. The article supports the point that existing business models of private medical institutions could be improved based on assessing the quality of services provided and creating a unique value proposition using modern marketing tools for the development of business models. On the basis of the economically substantiated business model development strategy of «MEDICOM Anti-Aging Clinic», theoretical conclusions have been empirically confirmed and their applied significance has been proved.

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