FDI in Tourism: The Development Dimension

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"From field-work and country experiences in developing countries, the FDI in Tourism ... program analyzes trends in investment in tourism, including: the move away from equity towards non-equity modes (licensing, franchising, and management contracts), and the rise of "South-South" investment and trade; the development implications of these trends, in terms of a number of social and economic indicators; the role of South Africa as a major source of outward FDI in the region, potential linkages that small and medium enterprises (SMEs) and transnational corporations (TNCs) could create to benefit local communities; and policy analysis and evaluation, including guidance on how to benefit from foreign direct investment in tourism."--Publisher's description.
 

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Contents

Introduction The Potential of FDI in Tourism
1
A The potential of tourism for developing countries
2
B FDI in tourism
6
the promise and the realities of tourism and FDI in tourism
9
D UNCTAD research and policy analysis
11
Tourism FDI Trends and Developing Countries
13
A Conceptual context
16
B Global trends
19
C Conclusion
87
An integrated policy approach towards FDI in tourism
93
A Developingcountry policies towards tourismrelated FDI
94
B Policies to improve the net returns from tourismrelated FDI
110
C Conclusions
118
Conclusion
121
Annex A
125
Annex B
135

C Developingcountry characteristics and trends
23
D Equity visāvis nonequity modes
35
E Conclusion
42
The Impact of FDI in Tourism Creating and Capturing Value
45
A The conceptual framework
47
B Evidence of the impact of FDI in tourism
51
Annex C
151
References
153
Selected recent UNCTAD publications on TNCs and FDI
161
Questionnaire
167
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