Tourism and Crisis – Past Patterns and Future Challenges

Petrevska, Biljana (2012) Tourism and Crisis – Past Patterns and Future Challenges. Conference Proceedings Vol. 2, International Conference “Trends and Challenges in the Economic Development”, Varna, Bulgaria, 2. pp. 112-121. ISSN 978-954-21-0600-5

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Abstract

Being recognized as one of the fastest growing world-wide industries in the last decades, tourism development was sharply interrupted in the middle of 2008 by the global financial crisis. This paper makes an attempt to describe the effects of the world economic crisis on tourism development by elaborating the case of Macedonia. Moreover, it argues the consequences, in the first line the negative ones, to the overall economic growth. In this respect, some commonly applied economic parameters are assessed in order to present an overview of the main indicators which identify tourism industry in Macedonia. Generally, the paper outcomes are based on various analyses made upon available secondary data collected through desk-research on descriptive statistics, thus covering a data set from 2008-2011. The research results point to conclusion that Macedonia was not immune to the negative shocks of the world economic crisis. Finally, the paper urges the need for identifying effective framework for mitigating the impacts of the past crisis, but also for reducing the chances of having a similar one in the future.

Item Type: Article
Additional Information: International Conference “Trends and Challenges in the Economic Development”, Varna, Bulgaria, 10-11 May 2012.
Uncontrolled Keywords: Impacts; Economic development; Tourism; World economic crisis.
Subjects: Social Sciences > Other social sciences
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Biljana Petrevska
Date Deposited: 12 Nov 2012 09:47
Last Modified: 12 Nov 2012 09:47
URI: http://eprints.ugd.edu.mk/id/eprint/696

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