Impact of Globalization on Inbound Tourism in Mediterranean Countries

2021 ◽  
pp. 87-95
Author(s):  
Yilmaz Bayar ◽  
Hakki Odabas ◽  
Emre Sakar
Keyword(s):  
Regression Analysis ◽  
Global Economy ◽  
Positive Contribution ◽  
Economic Sectors ◽  
Mediterranean Countries ◽  
Tourism Sector ◽  
Inbound Tourism ◽  
Political Globalization ◽  
Globalized World ◽  
The Impact

Tourism sector has become one of the leading economic sectors and export items for the countries in the globalized world after consistent growth during the past six decades. Furthermore, tourism sector is also a significant component of economic growth and an important source of foreign exchange and employment due to its labor intensive structure. Therefore, many countries have designed and implemented various economic and non-economic measures to improve inbound tourism. In this context, this study investigated the impact of economic, social, cultural, and political globalization on inbound tourism in selected Mediterranean countries for the period of 1995-2017 through panel regression analysis considering the limited related literature. The regression analysis revealed that economic globalization, social globalization, cultural globalization, and political globalization positively affected inbound tourism. In this regard, the policies raising economic, social, cultural and political integration with global economy is expected to make a positive contribution to the development of inbound tourism.

scholarly journals Impact of COVID-19 on Economic Activities and Poverty Threats in the Asia-Pacific Region

2021 ◽  
Vol 5 (1) ◽  
pp. 82
Author(s):  
Saddam Rassanjani ◽  
Novialdi Risky ◽  
Dahlawi Maz ◽  
Wais Alqarni ◽  
Muhammad Achdan Tharis
Keyword(s):  
Global Economy ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Economic Activities ◽  
Economic Sectors ◽  
Tourism Sector ◽  
Rapid Spread ◽  
Development Goals ◽  
The Impact

This paper discusses the impact caused by a virus outbreak called coronavirus disease (COVID-19). The virus initially appeared in Wuhan, China, in late 2019, then spread throughout the world, including the Asia-Pacific Region (APR). COVID-19 is believed to have damaged health and the global economy. Unlike the crisis that was caused by many previous disruptions, the impact caused by COVID-19 is wider and bigger. Many economic sectors have been paralyzed and suffered losses, such as production and trade. Export-import cooperation has become a dependency between countries, and this has also been hampered due to the rapid spread of this pandemic. Then, the closure of transportation access and the suggestion to stay at home has made the tourism sector sluggish. Meanwhile, another effect of this pandemic is the emergence of new poor groups due to the rise in layoffs. This study uses qualitative research methods to search for theoretical references relevant to cases or problems found in various works of literature, mainly scientific journals, books, reports, and actual and trusted news on the internet. This study aims to explore the potential of COVID-19 that not only threatens health, but also social, political, and economic spheres. From the analysis, it was concluded that COVID-19 could inhibit all global socio- economic activities that threaten the success of realizing Sustainable Development Goals (SDGs), but on the other hand, this pandemic can also be momentum for a more sustainable life order.

An Analysis of Development of Domestic and Inbound Tourism in Russia

2017 ◽  
pp. 252-264
Author(s):  
Amit Kumar ◽  
Anastasia Legashova
Keyword(s):  
Global Economy ◽  
Business Climate ◽  
The Sustainable Development ◽  
Heritage Sites ◽  
Travel And Tourism ◽  
Regulatory Frameworks ◽  
Tourism Sector ◽  
Inbound Tourism ◽  
World Economic ◽  
The U.S

One of the most promising sectors in the global economy is Tourism, yet in Russia, the sector's potential is far from fulfilled. Tourism should be at the heart of the core priority areas of Russia's economic development, particularly true in view of the current economic slump. Russia has no shortage of regions with visibly high potential for developing tourism, yet there are a number of problems, characteristic of Russia, which impede its progress: malnourished tourism coupled with an unsophisticated infrastructure, a shortage of personnel, weak marketing, a gloomy business climate, and a lack of adequate regulatory frameworks. Be this as it may, the slump, rather than being a hindrance, should be considered a fresh opportunity for the Russian tourism sector. Russia has been ranked 45th in the latest edition of the biennial Travel and Tourism Competitiveness Report, improving its performance by 18 points from its 2013 ranking of 63rd. The ranking, which includes 141 countries, is compiled by the World Economic Forum and Strategy Partners Group every two years, and assesses “the set of factors and policies that enable the sustainable development of the Travel and Tourism (T&T) sector, which in turn, contributes to the development and competitiveness of a country.” In 2013, the WEF cited hefty prices as one of the main disadvantages of the Russian tourist market. The availability of natural and cultural heritage sites has ensured additional points for Russia in the overall ranking; in these areas the country ranked 34th and 21st, respectively. Tours to Russia have become more affordable following the recent devaluation of the ruble – the value of the national currency against the U.S. dollar has fallen by 44 percent since May 2014. As a result, accommodation in hotels has become markedly cheaper. In addition, the consultants noted an improvement in air links (22nd). The present research is an attempt to analyze the development of domestic and inbound tourism in Russian Federation.

Local Accommodation Establishments' Strategies in Social Media

2020 ◽  
pp. 334-348
Author(s):  
Rui Costa ◽  
Gorete Dinis ◽  
Raquel Seabra
Keyword(s):  
Social Media ◽  
Digital Technologies ◽  
Contemporary Society ◽  
New Paradigm ◽  
Economic Sectors ◽  
Tourist Destinations ◽  
Digital World ◽  
Tourism Sector ◽  
Essential Function ◽  
The Impact

Tourism is a phenomenon of contemporary society, being one of the economic sectors where information has an essential function and where the impact of social media had more evidence. Digital technologies are increasingly present in life and have radically changed the way people think, make decisions and interact. Consumers are more demanding and informed, supporting their buying decisions in the online world. These changes also have implications in the tourism sector and in the promotion of tourist destinations. Given this new paradigm, the local accommodation units, as the most recent accommodation modality, have registered a remarkable growth and due to the characteristics of the activity itself, have to accompany and adapt to this new reality. The present work intends to analyze how Local Accommodation units in Aveiro use the Internet, and in particular the applications of social media in their communication strategies, as well as the importance they give to this reality of the digital world.

Black money, “white” owners, and “blue” tenants in the Bangladesh housing market

2016 ◽  
Vol 23 (2) ◽  
pp. 501-526 ◽  
Author(s):  
S.M. Solaiman
Keyword(s):  
Housing Market ◽  
Money Laundering ◽  
Ethical Behaviour ◽  
Positive Contribution ◽  
Human Beings ◽  
Economic Sectors ◽  
Content Type ◽  
The People ◽  
The Government ◽  
The Impact

Purpose The main purpose of this paper is to critically examine the impact of black money whitening opportunity on the Bangladesh housing market and its ramifications for honest taxpayers and criminal conduct of the people in the country. Design/methodology/approach This paper relies on both primary and secondary materials and carries out an archival analysis of the resources available in libraries and online databases. Findings It demonstrates that black money whitening opportunity has failed to create additional demands for housing property, rather it encourages money laundering, corruption and other criminal activities. Hence, a set of specific recommendations have been submitted to effectively deal with the prevention of generation of black money instead of allowing them to be invested in properties with impunity. Research limitations/implications The discussions are concentrated on the legality of offering amnesty to black money holders and the impact of such indemnities on the housing market in Bangladesh; hence, it does not consider impacts on other economic sectors. It is expected that the publication of this paper will stimulate the government of Bangladesh to discontinue the disputed amnesty in Bangladesh, and other nations having similar problems with black money will be encouraged to follow suit. Practical implications It is anticipated that the implementation of the recommendations furnished in this paper will contribute to significantly decreasing money laundering, corruption and other offences involving money in Bangladesh and in other countries. Social implications Prevention of corruption and other financial crimes. Originality/value This paper represents its originality in its critical analysis of frequent offerings of the opportunity for whitening black money and their unfair impacts on honest taxpayers and resultant stimulation for engaging in money laundering, corruption and other felonies. It evidently justifies the assumption that such amnesties to wrongdoers are contrary to the national constitution, anti-corruption and anti-money laundering legislation and they wound the sense of ethical behaviour of human beings. Moreover, it proves the hypothesis that such opportunities being offered to black money holders have no positive contribution towards creating additional demands in the country’s property markets.

scholarly journals Pesona Objek Wisata Sejarah di Kabupaten Sinjai

2020 ◽  
Vol 2 (2) ◽  
pp. 98-110
Author(s):  
Wahyudi Ishak ◽  
Ahmadin Ahmadin ◽  
Najamuddin Najamuddin
Keyword(s):  
Literature Study ◽  
Economic Sectors ◽  
Tourist Destinations ◽  
The People ◽  
Level Ii ◽  
Tourism Sector ◽  
The Government ◽  
Tourism Potential ◽  
Study Techniques ◽  
The Impact

This study aims to determine the potential of historical attractions in Sinjai Regency, the development of historical tourism in Sinjai Regency 2008-2016, and the impact of historical tourism on the communities around the site, the government and tourists. The method used in the research and writing of this thesis is a historical research method, which includes: heuristics, source criticism, interpretation and historiography. The techniques used in data collection are observation, interview and literature study techniques. The results of this study indicate that Sinjai as a Level II Region in South Sulawesi has tourism potential that is not inferior to other regions. The Batupake Gojeng Archaeological Park, the Karampuang Indigenous Area, and the Balangnipa Fort are one of the historical tourist destinations offered by Sinjai Regency. Although the Tourism and Culture Office of Sinjai Regency was only established in 2017, activities in the tourism sector will continue to be carried out in previous years. The three historical attractions have their respective developments both in terms of facilities and infrastructure to the number of visitors. The contribution of each element in the development of the historical tourism sector in Sinjai Regency is something that needs to be improved. Based on the results of this study it can be concluded that the historical attractions in Sinjai Regency have an impact on the socio-cultural, educational and economic sectors for the local government and the people who live around the site.

scholarly journals Tourism In Belize

2019 ◽  
Vol 2019 (267) ◽  
Author(s):  
Julian Chow
Keyword(s):  
Regression Analysis ◽  
Well Being ◽  
Panel Regression ◽  
Master Plan ◽  
Structural Reforms ◽  
Tourism Sector ◽  
The Government ◽  
The Impact ◽  
Double Digit ◽  
Economic Well Being

Belize’s tourism sector has witnessed impressive growth in recent years with overnight tourist arrivals registering double digit annual growth rates since 2016. To guide the development of the tourism sector from 2012 to 2030, the government endorsed a National Sustainable Tourism Master Plan in 2011, setting various initiatives and targets for the immediate and medium terms. Using a panel regression analysis on twelve Caribbean countries, this paper finds that accelerating structural reforms, fortifying governance frameworks, reducing crime, and mitigating the impact of natural disasters will help sustain tourism growth in Belize and contribute to economic well-being. This is in addition to tackling infrastructure bottlenecks and mitigating concerns relating to the “shared economy”.

scholarly journals Impact of Tourism Industry on the Economic Growth of Sri Lanka

2020 ◽  
Vol 10 (4) ◽  
pp. 60
Author(s):  
S. Anandasayanan ◽  
S. Balagobei ◽  
M. Amaresh
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Sri Lanka ◽  
Foreign Currency ◽  
Unit Root Test ◽  
Tourism Industry ◽  
Annual Data ◽  
Tourism Sector ◽  
Independent Variable ◽  
The Impact

In Sri Lanka, tourism has been identified as the third largest and fastest growing source of foreign currency in 2018, after private remittances and textile and garment exports, accounting for almost $4.4 billion or 4.9 percent of gross domestic product in 2018. Tourism industry is a key element which accelerates the economic growth by earning high foreign exchange and reducing poverty by providing direct and indirect employment opportunities to locals. This study primarily investigates the impact of between tourism sector on economic growth by employing Augmented Dickey Fuller’s unit root test, correlation analysis and regression analysis. Annual data from 1989 to 2018 was used. The dependent variable was economic growth while tourists’ receipts were independent variable. Strong and positive correlation was explored between tourists’ receipts and economic growth meanwhile the results of regression analysis indicate that tourists’ receipts significantly impact on the economic growth.

scholarly journals Winners and Losers in Post COVID-19 Business World, the New Norm for Malaysia

2020 ◽  
Vol 3 (3) ◽  
pp. 320-325
Author(s):  
Karthigayan Gunasegaran ◽  
Che Zalina Zulkifli ◽  
Sivaganesh Loganathan ◽  
Mohd Fauzi Sedon
Keyword(s):  
Global Economy ◽  
Secondary Data ◽  
Business World ◽  
After Effects ◽  
Scenario Modeling ◽  
Quality Of Living ◽  
Business Entities ◽  
Globalized World ◽  
The Impact

Purpose: The purpose of this study is to explore and analyze winners and losers in the post-covid-19 business world, the new norm for Malaysia. Design/methodology/approach: This study uses a literature research model, which is to collect various kinds of data and literature then take the essence of the data and literature then describe and analyze it. Findings: COVID-19 pandemic manifested at the time when mankind was least prepared to face it. This virus has permanently altered the fabric of the globalized world. The global damages inflicted by this pandemic go beyond loss of lives in multitudes, but also quality of living. While government around the world are battling to contain the virus for the safety of its people, there is a pressing need to start thinking about a world that will be living with the after effects of COVID-19.The global economy is going to shrink drastically and Malaysia will not be spared. The damage will be irreversible should all measures to contain the virus fail. Taking into account various scenario modeling from credible sources, a list of winners and losers in post COVID-19 business world has been derived. The reality of this pandemic demands the business world to embark on an accelerated shift towards being innovative, digital, pro-active and pre-emptive. Research limitations/implications: This research uses secondary data. Practical implications: Business entities can use the result of research as consideration so that the business can still exist. Originality/value: This research explores the phenomena of covid 19 in Malaysia and the impact on business. Paper type: Research paper.

scholarly journals EMERGING ECONOMETRICS OF BOMB, WAR AND FREE DIRECT INVESTMENTS TO STABILIZE THE SOCIO-ECONOMIC CONDITIONS OF OWN COUNTRY IN GLOBALIZED WORLD

2017 ◽  
Vol 5 (6) ◽  
pp. 170-174
Author(s):  
Chiranjib Kumar
Keyword(s):  
Global Economy ◽  
Peace Building ◽  
Goods And Services ◽  
One Belt One Road ◽  
The World ◽  
Recent Developments ◽  
Globalized World ◽  
The Impact ◽  
Better Than ◽  
Key Questions

The global economy has been facing a lot of challenges and crisis due to Interlinkage for exchanging goods and services. A race is going on among different nations to become a super powerful country. As a result of which global warming and climate change has been seen throughout the world. A new econometrics has taken over the charge of international politics and that could be seen in the recent developments took place in Korean Peninsula and some part of the world where powerful politicians of the world have been threatening to each other for deep consequences. The Key Questions are, Q.1. What happened in the Middle East?  Q.2. What is happening in Syria and others countries?  Ans. The impact would be more transparent and visible in the coming days. Q.3. What is OBOR (One Belt One Road) of China? Ans. Imposing their excess burdens on other countries on the name of globalization and peace building and making realize the participating countries that you are under my kindness with liabilities(indirect loan). The present paper has tried to find out answers of some questions and also suggests solutions at last. Qualitative thinking is always better than quantitative thinking

scholarly journals An Impact of Modi’s Government on Indian Economy with Special Reference to Selected Governmental Programmes

2017 ◽  
Vol 7 (2) ◽  
pp. 281
Author(s):  
Prakasha N
Keyword(s):  
Purchasing Power Parity ◽  
Global Economy ◽  
Power Parity ◽  
Economic Sectors ◽  
Average Growth ◽  
Republic Of China ◽  
Indian Economy ◽  
The World ◽  
Investment Rates ◽  
The Impact

<div><p><em>The economy of India is the sixth largest economy in the world measured by Purchasing Power Parity (PPP). The country is classified as a newly industrialized country, one of the G-20 major economies, a member of BRICS and a developing economy with an average growth rate of approximately 7 percent over the last two decades. India’s economy became the world fastest growing major economy in the last quarter of 2014, surpassing the People’s Republic of China. The long-term growth perspective of the Indian economy is positive due its young population, corresponding low dependency ratio, healthy saving and investment rates, and increasing integration into the global economy. This paper deals with the impact of Narendra Modi’s Government on various socio economic sectors of Indian economy. This study is trying to analyse the progressively changes in various economic variables through implementing various welfare programmes in present Indian economy and after the Modi came into power. </em></p></div>

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