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Chapter 5 Economic Responsibility

DOI: 10.23912/978-1-910158-84-5-3129

ISBN: 978-1-910158-84-5

Published: Nov 2016

Component type: chapter

Published in: Responsible Tourism 2nd edition

Abstract

It is generally assumed that there is a large positive economic impact from tourism, oft-claimed to be the world’s largest industry. Economic benefits may include foreign exchange ‘hard currency’ earnings; taxation revenue; modernisation through infrastructure development and contact with the international economy; and increased local demand for goods and services, which creates business opportunities and employment. The adage “it is not tourism until it is sold” is an important reminder that tourism is both an experience and a commercial activity. But there are also negative economic impacts to be considered.

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Contributors

  • Harold Goodwin, Manchester Metropolitan University (Author)

For the source title:

  • Harold Goodwin, Manchester Metropolitan University (Author)

Cite as

Goodwin, 2016

Goodwin, H. (2016) "Chapter 5 Economic Responsibility" In: Goodwin, H. (ed) . Oxford: Goodfellow Publishers https://dx.doi.org/10.23912/978-1-910158-84-5-3129

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