Market Power and the Taxation of Domestic and International Tourism

2002 ◽  
Vol 8 (4) ◽  
pp. 377-399 ◽  
Author(s):  
Peter Forsyth ◽  
Larry Dwyer
Keyword(s):  
Market Power ◽  
Global Economy ◽  
International Tourism ◽  
Rent Extraction ◽  
Individual Country ◽  
Goods And Services ◽  
The World ◽  
To Come ◽  
Implicit Taxation ◽  
Tourism Services

Tourism services around the world are subject to general and specific taxes. There is evidence that tourism is relatively heavily taxed and that rates of taxation are increasing, although the implicit taxation of aviation is lessening. Leaving aside issues of international rent extraction, or the passing of taxes on to foreign visitors, there do not seem to be strong reasons for taxing tourism differently from other goods and services, although specific levies to correct for related unpriced services or externalities may be called for. There has been a growth in specific tourism taxes, many of which are earmarked for spending on tourism-related projects or promotion. While this may appear efficient, it can lead to the squandering of revenues through the funding of inefficient projects. This is especially the case when different jurisdictions fund promotion to attract the same group of tourists. International tourism poses specific problems that make it difficult to tax it on a comparable basis to other goods and services. However, the most serious problem arises from the market power that countries possess over their tourism services; countries can, and do, impose taxes on tourism services and pass them on to foreign tourists. The scope for doing this is substantial and it is individually rational for countries to tax tourism services. However, this constitutes a barrier to trade in tourism services, and what is rational for an individual country is inefficient for the world as a whole. Excessive taxation of international tourism will be the result, and this taxation will be very difficult to negotiate away. Since this market power is unevenly distributed across countries, and there is some gain from tourism taxation, even after the taxation of their own travellers is taken into account, it would not be feasible to obtain agreement to reduce or eliminate such taxation if negotiations are confined to tourism and aviation issues. Agreement is more likely if there are broader negotiations, but even these may well not be enough. In the absence of side payments to bribe countries not to use their market power, the globally efficient solution of low tourism taxes is unlikely to come about. Ultimately, tourism growth is likely to suffer relative to other sectors in the global economy.

LONG-TERM VISION OF DEVELOPMENT IN POST COVID-19 ERA: A NORMATIVE THEOREM IN WORLD PERSPECTIVE.

Ensemble ◽  
2021 ◽  
Vol SP-1 (1) ◽  
pp. 30-34
Author(s):  
Somenath Halder ◽  
◽  
Sourav Paul ◽  
Keyword(s):  
Gross Domestic Product ◽  
Human Resource ◽  
Human Activity ◽  
Global Economy ◽  
Human Existence ◽  
Global Village ◽  
The World ◽  
To Come ◽  
World Perspective

The present study seeks to find a reliant philosophy of development in the post COVID-19 times to come. Since being contiguous, the Novelcoronavirus has switched almost every human activity uncertain all over the world. Rather the health emergency in this pandemic has strangled human existence on this planet which every country and government are fighting against. Like many others, global economy and development are under severe threat that tend us to chalk out a theorem to be mechanized for bringing the global village back into normalcy. The paper delves deeper to establish a connection of development with wellbeing, keeping human resource at the center of significance. It also measures the interrelation of wealth, economy and development with human resource and suggests a balanced prioritization of the same in terms of accelerating Gross Domestic Product (GDP). As the future after COVID 19 will not be the same like before, even after the pandemic being over, the proposed theorem tries to contemplate the global economy with a new outlook of long-term development.

scholarly journals PRÁCTICAS DE ASEGURAMIENTO CORPORATIVO EN LAS PLATAFORMAS TECNOLÓGICAS DE COLABORACIÓN – ECONOMÍA COLABORATIVA

2019 ◽  
Vol 10 ◽  
pp. 121-134
Author(s):  
DEISY CASTIBLANCO ◽  
Keyword(s):  
Technological Innovation ◽  
Cell Phone ◽  
Social Economic ◽  
Economy Model ◽  
Travel And Tourism ◽  
Goods And Services ◽  
The World ◽  
Entire World ◽  
Tourism Services ◽  
The Impact

A ghost travels the entire world. This is the socalled collaborative economy that, as they confirmed, will move 235,000 million dollars in 2025. The idea of ??that ghost, which is defined as an economic system in which goods and services are shared and exchanged, through platforms digital The list of applications is innumerable around the world, Airbnb, Uber, Lyft, BlaBlaCar, GuesttoGuest, Parkfy, Unnea, in Colombia there are several, the most popular OLX, Uber, Airbnb, Rappi, Didi, Picap, Beat, Ubet eats among many more options of this so-called collaborative economy. This economy facilitates the needs, practical cravings of the daily life of citizens in terms of transportation, food, travel and tourism services, fun just by entering the cell phone and waiting for them to do things for you, however there are consequences at a social, economic level and environmental of this great technological innovation and economy model, which is necessary to know in depth to determine the impact and whether or not there is regulation by the competent Colombian entities.

scholarly journals EDITORIAL: COVID-19 PANDEMIC AND INTERNATIONAL TOURISM DEMAND

2020 ◽  
Vol 5 (1) ◽  
pp. 1 ◽  
Author(s):  
Tri Haryanto
Keyword(s):  
Global Economy ◽  
Economic Recession ◽  
International Tourism ◽  
Tourism Demand ◽  
Research Topics ◽  
Global Issue ◽  
The World ◽  
Global Economic Growth ◽  
The Impact

COVID-19 pandemic has become a global issue. Many experts predict that this pandemic will cause global economic growth to decline this year, or even the global economic recession. All efforts conducted by many countries in the world massively to prevent its spread such as social distancing, self-isolation, and similar actions to lockdown may have a major impact on tourism demand in many countries. The next section sequentially will discuss a brief review of the role of international tourism on the economy, the impact of the COVID-19 pandemic on the global economy and international tourism, and further research topics for the next edition.

scholarly journals Monaco Leader Urges Climate Action, Calls on Trump to Help

Eos ◽  
2016 ◽  
Author(s):  
Randy Showstack
Keyword(s):  
Global Economy ◽  
Low Carbon ◽  
The World ◽  
Climate Action ◽  
To Come

HSH Prince Albert II cautioned that the world has to come to terms with the fact that we are facing severe challenges if we don’t move toward a low-carbon global economy.

scholarly journals THEORETICAL AND METHODOLOGICAL ASPECTS OF DETERMINING THE INFLUENCE OF GLOBALIZATION PROCESSES ON THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
Author(s):  
Svitlana Bestuzheva ◽  
Viktoria Kozub
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Economy ◽  
Modern Trend ◽  
Tax Rate ◽  
Goods And Services ◽  
The World ◽  
World Economic ◽  
The Impact

The paper proposes a scientific approach to determining the impact of globalization processes on the development of Ukraine’s economy based on the analysis of the dynamics and modeling of indicators of the degree of integration of Ukraine’s economy into the system of world economic relations. Globalization is seen as a modern trend in the world economy as a system of interconnected and interdependent economic entities, among which a significant place is occupied by countries. The authors determine the degree of Ukraine's integration into the world economic space by its place in the ratings of globalization and economic openness. Analysis of the dynamics of the degree of integration of Ukraine's economy into the global economy is based on GDP, export and import quotas during 2006 – 2020. Based on the results of the analysis, the authors developed an econometric model for assessing the impact of factors on the globalization index of Ukraine, identified the most significant positive factors, namely the volume of exports of goods and services as a percentage of GDP, GDP, the ratio of foreign direct investment to GDP, the share of innovative exports export of goods and services of the country. The import quota and the corporate income tax rate have been identified as negative factors. Based on the results obtained during the modeling, the authors have developed and proposed a sequence of measures to increase the level of openness of Ukraine's economy in the context of its globalization. Perspective forms of globalization in the context of forming a new perspective of the international community on changing the vector of world economy - from globalization to regionalization and nationalization which have materialized in increasing the volume and diversification of the structure of international trade, intensification of international financial transactions, the emergence of transnational business, a sharp increase in foreign direct investment and intensification of international labor migration.

scholarly journals RETOS Y PERSPECTIVAS DE LA GESTIÓN EMPRESARIAL EN AMÉRICA LATINA Y MÉXICO

2015 ◽  
Vol 20 (58) ◽  
pp. 121-128
Author(s):  
José Félix García Rodríguez ◽  
Luis Arturo Méndez Olán
Keyword(s):  
Global Economy ◽  
Economic Recession ◽  
Free Movement ◽  
Free Markets ◽  
Main Determinant ◽  
Goods And Services ◽  
The World ◽  
America Latina ◽  
The One ◽  
Economic And Financial Crisis

RESUMEN: La gestión empresarial, entendida como la actividad emprendida con el propósito de mejorar la productividad y la competitividad, así como asegurar la sustentabilidad de la empresa, enfrenta importantes retos y desafíos. Por un lado, la actividad empresarial debe desarrollarse en el entorno de la economía global, caracterizada por el libre comercio de bienes y servicios, así como la libre circulación de capitales financieros. Por otra parte, la libre circulación de capitales es el principal determinante de una amplia volatilidad e inestabilidad en los mercados financieros globales, lo que ejerce una gran influencia sobre la situación económica de un país y su actividad empresarial. Ello quedó plenamente demostrado con la crisis económica y financiera de 2008, cuyas consecuencias recesivas aún se manifiestan en la mayoría de los países del mundo. Así, como consecuencia de la recesión económica de 2008, millones de personas en todo el mundo perdieron sus hogares y sus empresas, y muchas de ellas se empobrecieron. No era eso lo esperado en el mundo de los negocios y las finanzas. La teoría económica neoliberal, con su fe en el libre mercado y en la globalización, había prometido prosperidad para todos. Se suponía que la Nueva Economía, con sus sorprendentes innovaciones financieras -como son la desregulación y la ingeniería financiera- traería consigo el fin de los ciclos económicos, crecimiento y bienestar. Si en el mundo desarrollado las consecuencias fueron desastrosas, en América Latina provocaron una verdadera emergencia económica y social. ABSTRACT: The business management, understood as the activity undertaken in order to improve productivity and competitiveness, and ensure sustainability of the company, faces significant challenges and challenges. On the one hand, businesses must develop in the environment of the global economy, characterized by free trade in goods and services and the free movement of financial capital. Moreover, the free movement of capital is the main determinant of a wide volatility and instability in global financial markets, which exerts great influence on the economic situation of a country and its business. This was fully demonstrated by the economic and financial crisis of 2008, whose recessionary consequences still evident in most countries. So, as a result of the economic recession of 2008, millions of people around the world lost their homes and businesses, and many of them were impoverished. That was not expected in the world of business and finance. The neoliberal economic theory, with its faith in free markets and globalization, had promised prosperity for all. It was assumed that the New Economy, with its surprising, as financial innovation and deregulation are financially engineering would bring to business cycles, growth and welfare. If I developed were disastrous in the world, in Latin America provoked a genuine economic and social emergency.

Australian Tourism Industry Policy: A New View

1997 ◽  
Vol 3 (4) ◽  
pp. 361-377 ◽  
Author(s):  
Harry Clarke
Keyword(s):  
Market Power ◽  
Tourism Industry ◽  
International Tourism ◽  
External Costs ◽  
Rent Extraction ◽  
Organization And Management ◽  
Economic Rationale ◽  
National Market ◽  
Tourism Sector ◽  
Industry Policy

An economic rationale for Australian public sector involvement in the management of tourism can be established on two grounds. First, there are resource/environmental and public good issues contingent on the external costs associated with Australia's domestic and international tourism. Second, there are rent extraction and marketing issues stemming from Australia's destination uniqueness and the consequent existence of national market power in the provision of international tourism. Analysis of this joint rationale for policy activism suggests a form for appropriate policies and a functional separation in the organization and management of policy. While some of the present discussion is specific to Australia, the viewpoint developed here is relevant to any economy with a substantial tourism sector.

scholarly journals Cast Aside: Boredom, Downward Mobility, and Homelessness in Post-Communist Bucharest

2014 ◽  
Vol 29 (1) ◽  
pp. 8-31 ◽  
Author(s):  
Bruce O'Neill
Keyword(s):  
Global Economy ◽  
Affective State ◽  
Homeless Shelters ◽  
Social Suffering ◽  
Public Parks ◽  
Downward Mobility ◽  
Ethnographic Fieldwork ◽  
The World ◽  
To Come ◽  
The City

The homeless, in post-Communist Bucharest, Romania, are bored. They describe themselves as bored all of the time. Drawing upon nearly three years of ethnographic fieldwork that moves between Bucharest’s homeless shelters and squatter camps, day centers and public parks, this article approaches the homeless’s boredom as an everyday affect structured by the politics of consumption in post-communist Bucharest. At the center of this study sits not simply the inability to consume but also the feeling of being cast aside, of being downwardly mobile in a neoliberal era of supposed ascent. In an increasingly consumer-driven society, boredom, I argue, is an affective state that registers within the modality of time the newly homeless’s expulsion to the margins of the city. In this sense, boredom is a persistent form of social suffering made possible by a crisis-generated shift in the global economy, one that has forced tens of millions of people the world over to come to terms with diminished economic capacities.

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 COVID-19 Impact on Public Health, Environment, Human Psychology, Global Socioeconomy, and Education

2022 ◽  
Vol 2022 ◽  
pp. 1-8
Author(s):  
Youssef Miyah ◽  
Mohammed Benjelloun ◽  
Sanae Lairini ◽  
Anissa Lahrichi
Keyword(s):  
Global Economy ◽  
World Health ◽  
Human Psychology ◽  
Advantages And Disadvantages ◽  
Global Pandemic ◽  
Quality Of Water ◽  
The World ◽  
To Come ◽  
Health Organization ◽  
The Impact

The end of the year 2019 was marked by the introduction of a third highly pathogenic coronavirus, after SARS-CoV (2003) and MERS-CoV (2012), in the human population which was officially declared a global pandemic by the World Health Organization (WHO) on March 11, 2020. Indeed, the pandemic of COVID-19 (Coronavirus Disease 19) has evolved at an unprecedented rate: after its emergence in Wuhan, the capital of the province of Hubei of the People's Republic of China, in December 2019, the total number of confirmed cases did not cease growing very quickly in the world. In this manuscript, we have provided an overview of the impact of COVID-19 on health, and we have proposed different nutrients suitable for infected patients to boost their immune systems. On the other hand, we have described the advantages and disadvantages of COVID-19 on the environment including the quality of water, air, waste management, and energy consumption, as well as the impact of this pandemic on human psychology, the educational system, and the global economy. In addition, we have tried to come up with some solutions to counter the negative repercussions of the pandemic.

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