Tourism as Possible Opportunity to Address the Crisis in Italy

Dorel Nicolae Manitiu

doi:10.6092/issn.2036-5195/4404

Authors

Dorel Nicolae Manitiu University of Bologna

Lecturer: Evaluating socio-economic programmes and Project Planning–International Master in Development Innovation and Change, University of Bologna, Italy.
From 2013 Project Manager, AlmaLaurea Inter-University Consortium, Bologna, Italy
Projects: 1.Instruments at Support of Labour market and Higher education (ISLAH); 2.Higher Education Network for Human Capital Assessment and Graduate Employability in Armenia (HENGEAR); 3.Bridge technical differences and social suspicions contributing to transform the Adriatic area in a stable hub for a sustainable technological development (ADRIA-HUB).

DOI:

https://doi.org/10.6092/issn.2036-5195/4404

Keywords:

Globalization, Crisis, Tourism, Growth

Abstract

Tourism today represents one of the world’s leading export commodity, accounting for global earnings of more than 200 billion Euro, about 25 per cent of total world GNP (Poirier 2000, p30, cited in Dieke, 2000). In the last 20 years, tourism has made a very important contribution to the global economy, being the fastest growing sector in terms of external revenue and new jobs. The economic and financial crisis that has affected the world economy in 2008, has led to decreasing the flow of tourists, but the tourism sector seems to be save by the new tourist that arrives from the emerging countries. In this context Italy face with a decrease in the number of tourists and a soft negative trend. The huge cultural heritage that characterize Italy and its beauty, should represent an important incentive of both, policy makers and private sector, for the relaunch of this important sector.

References

Acharya V. V. and Schnabl P. (2010) Do Global Banks Spread Global Imbalances? Asset Backed Commercial Paper During the Financial Crisis of 2007, 09, IMF, Economic Review 58 (1), 37-73.

Antonelli G. (2011) Global economic crisis and systemic failure, september 2011, Bologna.

Antonelli G. and De Liso N. (2011) Sviluppo sostenibile, complessità, conoscenza, in G. Antonelli, M.A. Maggioni, G. Pegoretti, F. Pellizzari, R. Scazzieri and R. Zoboli (eds.), Economia come scienza sociale: teoria, istituzioni, storia. Studi in onore di Alberto Quadrio Curzio, Il Mulino, Bologna.

Bank of Italy (2013) Indagine sul turismo internazionale dell’Italia, http://www.bancaditalia.it/statistiche/rapp_estero/turismo-int

Bensasson S. (1997) Lo sviluppo tecnologico e la società informatica: l’impatto della tecnologia sulla produzione e sul mercato, in P. Onofri (eds.), Lo scenario mondiale e il futuro dell’economia italiana, p. 42, Il Mulino, Bologna.

Bernanke B. S., Bertaut C, De Marco L.P. and Kamin S. (2011) International Capital Flows and the Returns to Safe Assets in the United States, 2003-2007, Banque de France Financial Stability Review 15, 13-26.

Borio C. and Disyatat P. (2011) Global Imbalances and the Financial Crisis: Link or No Link?, BIS Working Paper No. 346.

Demunter C and Dimitrakopoulou C. (2012), Tourism in Europe: Results for 2011, Industry, trade and services. Population and social conditions. Eurostat. Statistics in focus, 28/2012, http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-SF-12-028/EN/KS-SF-12-028-EN.PDF.

European Commission (2010) EUROPE 2020 - A smart, sustainable and inclusive economy, www. ec.europa.eu.

Draghi M. (2011) Speech of Bank of Italy Governor, AIAF - ASSIOM FOREX, Verona, 26 February 2011.

Hjalager, A. M. (2008) Innovation Systems in Nordic Tourism, Advance, Icelandic Tourism Research Centre, Swedish School of Economics and Business Administration, European Tourism Research Institute, Norwegian School of Management, Nordic Innovation Centre, January 2008.

Hyun Song S. (2011) Global Banking Glut and Loan Risk Premium, mimeo, Princeton University.

International Monetary Fund (1997) World Economic Outlook. Globalization, Opportunities and Challenges, cit.; «The Economist», 18 October 1997; «The Economist», 25 October 1997.

Kanerva M. and Hollanders H. (2009) The impact of the economic crisis on innovation. Analysis based on the Innobarometer 2009 survey, ProInnoEurope, EC.

Kaufman G.G. (2000) Banking and currency crises and systemic risk, Financial Markets Institutions and Instruments, May 2000, Vol. 9, No. 2.

Laeven L. and Valencia F. (2008) Systemic banking crises: A new database, Imf, working paper, WP/08/224.

Lane P. R. (2012) Financial Globalisation and the Crisis Trinity College Dublin and CEPR, July 2012 11th BIS Annual Conference on "The Future of Financial Globalisation", Lucerne, June 21st-22nd 2012.

Osservatorio nazionale sul turismo (2012) Le performance di vendita delle imprese del ricettivo, a cura di istituto nazionale Ricerche sul turismo, gennaio 2012.

Poirier R.A. (2000) Tourism in the African Economic Milieu: A Future of Mixed Blessings, in P.U.C. Dieke (ed), The Political Economy of Tourism Development in Africa, Cognizant Communication Corporation, New York, 29-36.

Quadrio Curzio A. (1999) Globalizzazione: profili economici, Mulino – Bimonthly journal of culture and politics, no.1, January-February.

Reich Robert B. (2008) Supercapitalismo, Fazi editore, Roma.

Targetti F. (2009) I problemi lasciati aperti dalla globalizzazione e quelli aggravati dalla crisi finanziaria" in G.Amato (eds.) Governare l'economia globale, Passigli editore.

World Tourism Organization UNWTO (2012) Annual report 2012, www2.unwto.org

Tourism as Possible Opportunity to Address the Crisis in Italy

Authors

DOI:

Keywords:

Abstract

References

Downloads

Published

How to Cite

Issue

Section

License

Language

Information

Current Issue