Report: Globalization of economic activity: issues for tourism

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Abstract:

Economic activity is not only becoming more internationalized, but, more significantly, it is becoming increasingly globalized. Globalization is always regarded as the product of the liberalization that has been the hallmark of economic policy throughout the world during the past decade. It has also set in motion forces working to accelerate liberalization. One of the distinguishing features of trade at the end of the twentieth century and at the start of the new millennium has been the expansion of regional trade agreements and the multilateral agreements. The internationalization of services is at the core of today's economic globalization. Tourism has become one of the most important industries in the world, and its economic impacts are vital for many countries. It has long supported the idea of services agreements and has become a major component in the globalization of international trade, particularly with respect to services. There is no doubt that the World Trade Organization (WTO ) and the General Agreement on Trade in Services (GATS ) have assisted the growth of international trade in goods and services. However, the success of such instruments relies upon markets behaving in a Ricardian manner, incorporating the fluidity and transparency that form the substance of those markets.

Keywords: GATS; GLOBALIZATION; REGIONAL AGREEMENTS; TOURISM

Document Type: Regular Paper

DOI: http://dx.doi.org/10.5367/000000002101298070

Publication date: June 1, 2002

More about this publication?
  • Tourism Economics, published bimonthly, is a peer-reviewed journal devoted to the economics and finance of tourism worldwide. Articles address the components of the tourism product (accommodation; restaurants; merchandizing; attractions; transport; entertainment; tourist activities); and the economic organization of tourism at micro and macro levels (market structure; role of public/private sectors; community interests; strategic planning; marketing; finance; economic development).

    Fast Track. Tourism Economics Fast Track papers have been peer-reviewed, revised and fully accepted for publication. However, although these are the final versions from the authors, they are unedited manuscripts and will undergo a rigorous editing process before their appearance in an issue of the journal. This means that the Fast Track manuscripts may not conform to journal style in terms of presentation, spelling and other usages. They may also contain errors of typography, grammar, spelling, referencing, etc, all of which will be corrected in the processes of copy-editing and proofreading.
    Tourism Economics operates a Fast Track online publication system so that papers can be published and made available almost immediately on final acceptance by the journal. Each Fast Track article is given a DOI. When the paper is assigned to an issue, this DOI will automatically be transferred to the article in the journal issue.
    Fast Track articles may be cited using the DOI. Citations should include the author's or authors' name(s), the title of the article, the title of the journal followed by the words Fast Track, the year of Fast Track publication and the DOI. For example:

    Smith, J. (2013), Article title, Tourism Economics Fast Track, DOI xxxxxxxx.

    Once the paper has been published in an issue of the journal, the DOI will automatically resolve to that final version and the article can be cited in accordance with normal bibliographical conventions.

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