Description

Economic development encompasses the economic impacts of tourism on destinations, considering the speed and extent of associated transformations. Tourism fosters economic development through small or micro enterprises, benefiting individual entrepreneurs with limited funds and collaborations requiring minimal finance. Examples include stores catering to tourists and selling locally crafted souvenirs. Economic development ensures all society segments benefit from economic growth through efficiency and equity, minimizing negative externalities like agency, transaction, secondary, and opportunity costs. Fragmentation of nations along ethnic lines hinders formidable economic development regardless of government form. The book explores tourism's varied impacts and responses across Europe, evaluating current trends, policy issues, and options in political, social, economic, and environmental contexts.