Local Economic Development and Tourism
The World Bank dropped its engagement in the tourism sector during the 1980s after twenty years of financing tourism projects which included infrastructure for resort sites, lines of credit for hotels, training, and investment in hotels and other t...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/08/11472990/local-economic-development-tourism http://hdl.handle.net/10986/10236 |
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okr-10986-102362021-04-23T14:02:49Z Local Economic Development and Tourism Hayakawa, Tatsuji Rivero, Monica ADVENTURE TOURISM ARCHEOLOGY ARCHITECTURAL INTEREST BANKING SECTOR BASIC CABINS CARIBBEAN COAST CITIES COMMUNITY BASED TOURISM COMMUNITY TOURISM CONSERVATION CONSERVATION INTERNATIONAL CRUISE CRUISE SHIPS CULTURAL HERITAGE CULTURAL TOURISM CULTURAL TOURISM DEVELOPMENT CULTURAL UNDERSTANDING ECO-TOURISM ECONOMIC GROWTH ECONOMIC IMPACTS OF TOURISM ECOTOURISM EMPLOYMENT ENVIRONMENTAL CONSERVATION ENVIRONMENTAL MANAGEMENT FINANCIAL SERVICES FISHING HANDICRAFTS HERITAGE PROTECTION HISTORIC CITY HOLIDAYS HOST CITY HOTELS IMPACTS OF TOURISM INDIGENOUS COMMUNITY INDIGENOUS CULTURES INDIGENOUS PEOPLES LANDSCAPES LEARNING LOCAL HERITAGE LOCAL TOURISM MUNICIPAL TOURISM MUNICIPALITIES NATIONAL GEOGRAPHIC SOCIETY NATIONAL PARK PROFITABILITY QUALITY OF LIFE RESORT RESPONSIBLE TOURISM SOCIAL CAPITAL SUSTAINABILITY SUSTAINABLE TOURISM TECHNICAL ASSISTANCE TEMPLE TOUR TOUR GUIDES TOURISM TOURISM BUSINESSES TOURISM DEPARTMENT TOURISM DEVELOPMENT PROJECT TOURISM ENTERPRISES TOURISM ENTREPRENEURS TOURISM MARKET TOURISM PROJECTS TOURISM RESEARCH TOURISM SECTOR TOURIST TOURIST DESTINATION TOURIST DESTINATIONS TOURIST EXPERIENCE TOURISTS TRADITIONAL VALUES URBAN DEVELOPMENT URBAN PLANNING VISITOR VISITORS The World Bank dropped its engagement in the tourism sector during the 1980s after twenty years of financing tourism projects which included infrastructure for resort sites, lines of credit for hotels, training, and investment in hotels and other tourism related projects. At the time, World Bank lending for tourism in Latin America and the Caribbean (LAC) was just US$350 million per year. After the tourism department closed in the late 70s, some projects supporting tourism continued, but total annual lending for tourism fell to US$150 million by the mid-80s. It had reached a low of US$50 million by the mid-90s. To the mid-90s the trend started reversing itself and by 2007 annual lending for tourism grew to US$175 million, and is expected to pass the $550 million dollar mark during FY09. The World Bank's renewed interest in tourism derives from its direct and indirect roles in reducing poverty and achieving the United Nations millennium development goals. Tourism is currently estimated to contribute around 10 percent of global gross domestic product (GDP) and to be the largest contributor to employment worldwide. Thus tourism can impact positively on local economic development (LED) and, in turn, can lead to poverty reduction in destination communities and countries. 2012-08-13T10:48:48Z 2012-08-13T10:48:48Z 2009-08 http://documents.worldbank.org/curated/en/2009/08/11472990/local-economic-development-tourism http://hdl.handle.net/10986/10236 English en breve; No. 145 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADVENTURE TOURISM ARCHEOLOGY ARCHITECTURAL INTEREST BANKING SECTOR BASIC CABINS CARIBBEAN COAST CITIES COMMUNITY BASED TOURISM COMMUNITY TOURISM CONSERVATION CONSERVATION INTERNATIONAL CRUISE CRUISE SHIPS CULTURAL HERITAGE CULTURAL TOURISM CULTURAL TOURISM DEVELOPMENT CULTURAL UNDERSTANDING ECO-TOURISM ECONOMIC GROWTH ECONOMIC IMPACTS OF TOURISM ECOTOURISM EMPLOYMENT ENVIRONMENTAL CONSERVATION ENVIRONMENTAL MANAGEMENT FINANCIAL SERVICES FISHING HANDICRAFTS HERITAGE PROTECTION HISTORIC CITY HOLIDAYS HOST CITY HOTELS IMPACTS OF TOURISM INDIGENOUS COMMUNITY INDIGENOUS CULTURES INDIGENOUS PEOPLES LANDSCAPES LEARNING LOCAL HERITAGE LOCAL TOURISM MUNICIPAL TOURISM MUNICIPALITIES NATIONAL GEOGRAPHIC SOCIETY NATIONAL PARK PROFITABILITY QUALITY OF LIFE RESORT RESPONSIBLE TOURISM SOCIAL CAPITAL SUSTAINABILITY SUSTAINABLE TOURISM TECHNICAL ASSISTANCE TEMPLE TOUR TOUR GUIDES TOURISM TOURISM BUSINESSES TOURISM DEPARTMENT TOURISM DEVELOPMENT PROJECT TOURISM ENTERPRISES TOURISM ENTREPRENEURS TOURISM MARKET TOURISM PROJECTS TOURISM RESEARCH TOURISM SECTOR TOURIST TOURIST DESTINATION TOURIST DESTINATIONS TOURIST EXPERIENCE TOURISTS TRADITIONAL VALUES URBAN DEVELOPMENT URBAN PLANNING VISITOR VISITORS |
| spellingShingle |
ADVENTURE TOURISM ARCHEOLOGY ARCHITECTURAL INTEREST BANKING SECTOR BASIC CABINS CARIBBEAN COAST CITIES COMMUNITY BASED TOURISM COMMUNITY TOURISM CONSERVATION CONSERVATION INTERNATIONAL CRUISE CRUISE SHIPS CULTURAL HERITAGE CULTURAL TOURISM CULTURAL TOURISM DEVELOPMENT CULTURAL UNDERSTANDING ECO-TOURISM ECONOMIC GROWTH ECONOMIC IMPACTS OF TOURISM ECOTOURISM EMPLOYMENT ENVIRONMENTAL CONSERVATION ENVIRONMENTAL MANAGEMENT FINANCIAL SERVICES FISHING HANDICRAFTS HERITAGE PROTECTION HISTORIC CITY HOLIDAYS HOST CITY HOTELS IMPACTS OF TOURISM INDIGENOUS COMMUNITY INDIGENOUS CULTURES INDIGENOUS PEOPLES LANDSCAPES LEARNING LOCAL HERITAGE LOCAL TOURISM MUNICIPAL TOURISM MUNICIPALITIES NATIONAL GEOGRAPHIC SOCIETY NATIONAL PARK PROFITABILITY QUALITY OF LIFE RESORT RESPONSIBLE TOURISM SOCIAL CAPITAL SUSTAINABILITY SUSTAINABLE TOURISM TECHNICAL ASSISTANCE TEMPLE TOUR TOUR GUIDES TOURISM TOURISM BUSINESSES TOURISM DEPARTMENT TOURISM DEVELOPMENT PROJECT TOURISM ENTERPRISES TOURISM ENTREPRENEURS TOURISM MARKET TOURISM PROJECTS TOURISM RESEARCH TOURISM SECTOR TOURIST TOURIST DESTINATION TOURIST DESTINATIONS TOURIST EXPERIENCE TOURISTS TRADITIONAL VALUES URBAN DEVELOPMENT URBAN PLANNING VISITOR VISITORS Hayakawa, Tatsuji Rivero, Monica Local Economic Development and Tourism |
| geographic_facet |
Latin America & Caribbean |
| relation |
en breve; No. 145 |
| description |
The World Bank dropped its engagement in
the tourism sector during the 1980s after twenty years of
financing tourism projects which included infrastructure for
resort sites, lines of credit for hotels, training, and
investment in hotels and other tourism related projects. At
the time, World Bank lending for tourism in Latin America
and the Caribbean (LAC) was just US$350 million per year.
After the tourism department closed in the late 70s, some
projects supporting tourism continued, but total annual
lending for tourism fell to US$150 million by the mid-80s.
It had reached a low of US$50 million by the mid-90s. To the
mid-90s the trend started reversing itself and by 2007
annual lending for tourism grew to US$175 million, and is
expected to pass the $550 million dollar mark during FY09.
The World Bank's renewed interest in tourism derives
from its direct and indirect roles in reducing poverty and
achieving the United Nations millennium development goals.
Tourism is currently estimated to contribute around 10
percent of global gross domestic product (GDP) and to be the
largest contributor to employment worldwide. Thus tourism
can impact positively on local economic development (LED)
and, in turn, can lead to poverty reduction in destination
communities and countries. |
| format |
Publications & Research :: Brief |
| author |
Hayakawa, Tatsuji Rivero, Monica |
| author_facet |
Hayakawa, Tatsuji Rivero, Monica |
| author_sort |
Hayakawa, Tatsuji |
| title |
Local Economic Development and Tourism |
| title_short |
Local Economic Development and Tourism |
| title_full |
Local Economic Development and Tourism |
| title_fullStr |
Local Economic Development and Tourism |
| title_full_unstemmed |
Local Economic Development and Tourism |
| title_sort |
local economic development and tourism |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/08/11472990/local-economic-development-tourism http://hdl.handle.net/10986/10236 |
| _version_ |
1764412352754614272 |