Local Economic Development and Tourism
As discussed in Hawkins and Mann (2007), the World Bank dropped its engagement in the tourism sector during the 1980s after twenty years of financing Bank's tourism projects which included infrastructure for resort sites, lines of credit for h...
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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/2008/11/12050676/local-economic-development-tourism http://hdl.handle.net/10986/10268 |
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okr-10986-102682021-04-23T14:02:49Z Local Economic Development and Tourism Hayakawa, Tatsuji Rivero, Monica Maria Solo, Tova ADVENTURE TOURISM ARCHEOLOGY ARCHITECTURAL INTEREST BANK LENDING BANKING SECTOR BASIC CARIBBEAN COAST CITIES COMMERCIAL BANK COMMUNITY BASED TOURISM COMMUNITY TOURISM CONSERVATION CONSERVATION INTERNATIONAL CREDIT PROGRAM CREDIT PROGRAMS CRUISE CRUISE SHIPS CULTURAL HERITAGE CULTURAL TOURISM CULTURAL TOURISM DEVELOPMENT CULTURAL UNDERSTANDING DEVELOPMENT BANK DONOR RESOURCES ECO-TOURISM ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECOTOURISM EMPLOYMENT ENTERPRISE DEVELOPMENT ENVIRONMENTAL CONSERVATION ENVIRONMENTAL SUSTAINABILITY FINANCIAL SERVICES FINANCIAL SUPPORT FISHING HANDICRAFTS HERITAGE PROTECTION HISTORIC CITY HOLIDAYS HOST CITY HOTELS HUMAN CAPITAL INDIGENOUS COMMUNITY INDIGENOUS CULTURES INITIAL FUNDING LANDSCAPES LEARNING LINE OF CREDIT LINES OF CREDIT LOAN LOCAL HERITAGE LOCAL TOURISM MICRO CREDIT MICRO CREDITS MICRO-CREDIT MICRO-CREDITS MICRO-ENTERPRISES MICRO-FINANCE MICRO-FINANCE INSTITUTION MUNICIPAL TOURISM MUNICIPALITIES NATIONAL PARK PROFITABILITY QUALITY OF LIFE RESORT RESPONSIBLE TOURISM RURAL CLIENTS SMALL BUSINESSES SOCIAL CAPITAL SOCIAL RESPONSIBILITY SUSTAINABLE TOURISM TECHNICAL ASSISTANCE TEMPLE TOUR TOUR GUIDES TOURISM TOURISM BUSINESSES TOURISM DEPARTMENT TOURISM DEVELOPMENT TOURISM DEVELOPMENT PROJECT TOURISM ENTERPRISES TOURISM ENTREPRENEURS TOURISM MARKET TOURISM PROJECTS TOURISM RESEARCH TOURISM SECTOR TOURIST TOURIST DESTINATION TOURIST DESTINATIONS TOURISTS TRADITIONAL VALUES URBAN AREAS URBAN DEVELOPMENT URBAN PLANNING VISITOR VISITORS As discussed in Hawkins and Mann (2007), the World Bank dropped its engagement in the tourism sector during the 1980s after twenty years of financing Bank's tourism projects which included infrastructure for resort sites, lines of credit for hotels, training, and some investment in hotels and other tourism related projects. At the time, World Bank lending for tourism in Latin America and Caribbean (LAC) was just above US$350 million. After the tourism department closed in the late 70s, some projects supporting tourism continued, but total lending fell to US$150 million by the mid-80s. It had reached a low of US$50 million by the mid-90s. However, in the mid-90s the trend started reversing itself and by 2007 lending for tourism grew to US$175 million, and is expected to pass the $350 million dollar mark during 2008-09. 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) nowadays (Brida et al, 2007) 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. 2012-08-13T11:00:57Z 2012-08-13T11:00:57Z 2008-11 http://documents.worldbank.org/curated/en/2008/11/12050676/local-economic-development-tourism http://hdl.handle.net/10986/10268 English en breve; No. 138 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 |
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Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADVENTURE TOURISM ARCHEOLOGY ARCHITECTURAL INTEREST BANK LENDING BANKING SECTOR BASIC CARIBBEAN COAST CITIES COMMERCIAL BANK COMMUNITY BASED TOURISM COMMUNITY TOURISM CONSERVATION CONSERVATION INTERNATIONAL CREDIT PROGRAM CREDIT PROGRAMS CRUISE CRUISE SHIPS CULTURAL HERITAGE CULTURAL TOURISM CULTURAL TOURISM DEVELOPMENT CULTURAL UNDERSTANDING DEVELOPMENT BANK DONOR RESOURCES ECO-TOURISM ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECOTOURISM EMPLOYMENT ENTERPRISE DEVELOPMENT ENVIRONMENTAL CONSERVATION ENVIRONMENTAL SUSTAINABILITY FINANCIAL SERVICES FINANCIAL SUPPORT FISHING HANDICRAFTS HERITAGE PROTECTION HISTORIC CITY HOLIDAYS HOST CITY HOTELS HUMAN CAPITAL INDIGENOUS COMMUNITY INDIGENOUS CULTURES INITIAL FUNDING LANDSCAPES LEARNING LINE OF CREDIT LINES OF CREDIT LOAN LOCAL HERITAGE LOCAL TOURISM MICRO CREDIT MICRO CREDITS MICRO-CREDIT MICRO-CREDITS MICRO-ENTERPRISES MICRO-FINANCE MICRO-FINANCE INSTITUTION MUNICIPAL TOURISM MUNICIPALITIES NATIONAL PARK PROFITABILITY QUALITY OF LIFE RESORT RESPONSIBLE TOURISM RURAL CLIENTS SMALL BUSINESSES SOCIAL CAPITAL SOCIAL RESPONSIBILITY SUSTAINABLE TOURISM TECHNICAL ASSISTANCE TEMPLE TOUR TOUR GUIDES TOURISM TOURISM BUSINESSES TOURISM DEPARTMENT TOURISM DEVELOPMENT TOURISM DEVELOPMENT PROJECT TOURISM ENTERPRISES TOURISM ENTREPRENEURS TOURISM MARKET TOURISM PROJECTS TOURISM RESEARCH TOURISM SECTOR TOURIST TOURIST DESTINATION TOURIST DESTINATIONS TOURISTS TRADITIONAL VALUES URBAN AREAS URBAN DEVELOPMENT URBAN PLANNING VISITOR VISITORS |
| spellingShingle |
ADVENTURE TOURISM ARCHEOLOGY ARCHITECTURAL INTEREST BANK LENDING BANKING SECTOR BASIC CARIBBEAN COAST CITIES COMMERCIAL BANK COMMUNITY BASED TOURISM COMMUNITY TOURISM CONSERVATION CONSERVATION INTERNATIONAL CREDIT PROGRAM CREDIT PROGRAMS CRUISE CRUISE SHIPS CULTURAL HERITAGE CULTURAL TOURISM CULTURAL TOURISM DEVELOPMENT CULTURAL UNDERSTANDING DEVELOPMENT BANK DONOR RESOURCES ECO-TOURISM ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECOTOURISM EMPLOYMENT ENTERPRISE DEVELOPMENT ENVIRONMENTAL CONSERVATION ENVIRONMENTAL SUSTAINABILITY FINANCIAL SERVICES FINANCIAL SUPPORT FISHING HANDICRAFTS HERITAGE PROTECTION HISTORIC CITY HOLIDAYS HOST CITY HOTELS HUMAN CAPITAL INDIGENOUS COMMUNITY INDIGENOUS CULTURES INITIAL FUNDING LANDSCAPES LEARNING LINE OF CREDIT LINES OF CREDIT LOAN LOCAL HERITAGE LOCAL TOURISM MICRO CREDIT MICRO CREDITS MICRO-CREDIT MICRO-CREDITS MICRO-ENTERPRISES MICRO-FINANCE MICRO-FINANCE INSTITUTION MUNICIPAL TOURISM MUNICIPALITIES NATIONAL PARK PROFITABILITY QUALITY OF LIFE RESORT RESPONSIBLE TOURISM RURAL CLIENTS SMALL BUSINESSES SOCIAL CAPITAL SOCIAL RESPONSIBILITY SUSTAINABLE TOURISM TECHNICAL ASSISTANCE TEMPLE TOUR TOUR GUIDES TOURISM TOURISM BUSINESSES TOURISM DEPARTMENT TOURISM DEVELOPMENT TOURISM DEVELOPMENT PROJECT TOURISM ENTERPRISES TOURISM ENTREPRENEURS TOURISM MARKET TOURISM PROJECTS TOURISM RESEARCH TOURISM SECTOR TOURIST TOURIST DESTINATION TOURIST DESTINATIONS TOURISTS TRADITIONAL VALUES URBAN AREAS URBAN DEVELOPMENT URBAN PLANNING VISITOR VISITORS Hayakawa, Tatsuji Rivero, Monica Maria Solo, Tova Local Economic Development and Tourism |
| geographic_facet |
Latin America & Caribbean |
| relation |
en breve; No. 138 |
| description |
As discussed in Hawkins and Mann (2007),
the World Bank dropped its engagement in the tourism sector
during the 1980s after twenty years of financing Bank's
tourism projects which included infrastructure for resort
sites, lines of credit for hotels, training, and some
investment in hotels and other tourism related projects. At
the time, World Bank lending for tourism in Latin America
and Caribbean (LAC) was just above US$350 million. After the
tourism department closed in the late 70s, some projects
supporting tourism continued, but total lending fell to
US$150 million by the mid-80s. It had reached a low of US$50
million by the mid-90s. However, in the mid-90s the trend
started reversing itself and by 2007 lending for tourism
grew to US$175 million, and is expected to pass the $350
million dollar mark during 2008-09. 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) nowadays (Brida et al, 2007) 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 Maria Solo, Tova |
| author_facet |
Hayakawa, Tatsuji Rivero, Monica Maria Solo, Tova |
| 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/2008/11/12050676/local-economic-development-tourism http://hdl.handle.net/10986/10268 |
| _version_ |
1764412470486630400 |