Suchergebnisse

An attempt to develop a social and cultural point of view toward the economic development of under-developed countries in Asia as an antidote to the common approaches in terms of capital, technology, and industry. Economic development is primarily a social and a moral question depending ultimately upon people's attitudes. To be successful, it must be accompanied by (1) a sufficient identity of interests with the objectives of economic development, & by (2) a willingness to accept the change which must accompany the economic development. The economist frequently ignores these factors but, especially in Asia, they are essential to the successful development of the under-developed areas. The SE changes which must precede and accompany economic development cannot be ignored but must be considered and accounted for by economic planners. J. E. Hughes.

The present paper analyzes the forward linkages of a multinational's investment in a resort which kicks off tourism activity in a LDC. We show that, under quite natural assumptions, overnight stays are increasing in the number of tourism related, differentiated goods and services supplied in equilibrium. These goods and services, if supplied by the local community, represent forward linkages of FDI in tourism. We investigate the multinational's incentives to promote, reduce or eliminate these forward linkages and the effectiveness of some policy instruments available to a local government to leverage on the presence of FDI and to stimulate domestic entrepreneurship.

The present paper analyzes the forward linkages of a multinational's investment in a resort which kicks off tourism activity in a LDC. We show that, under quite natural assumptions, overnight stays are increasing in the number of tourism related, differentiated goods and services supplied in equilibrium. These goods and services, if supplied by the local community, represent forward linkages of FDI in tourism. We investigate the multinational's incentives to promote, reduce or eliminate these forward linkages and the effectiveness of some policy instruments available to a local government to leverage on the presence of FDI and to stimulate domestic entrepreneurship.