FDI In Tourism And Tourism's Impact On Tourism

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Although tourism is the most liberalised sector under the GATS, especially on the mode 3 (commercial presence), there is astonishingly little empirical study on the impact of FDI on tourism. Dwyer and Forsyth (1994) argued that the analysis of FDI impacts on tourism has been ignored and has enticed less attention in the literature than what was supposed. Buckley and Geyikdagi (1996) then pointed out that the difficulties in gaining information and data caused the analysis of FDI on tourism has received little attention. UNCTAD (2007) stated that the complicated analysis of FDI on tourism associated with the character of tourism that is not a singular activity. Tourism consisted of many separated and related activities, covering food and beverage, transportation, entertainment, sports, accommodation, culture, conventions, trade fairs, and recreation. Tourism also involved an extensive variety of companies ranging from multinational corporations (‘MNCs’) to tiny enterprises, allowing a number of diverse scales and levels in the market to partake in tourism. Some experts, nevertheless, analysed the adverse impacts of FDI on tourism on the environment. Perrin (2001) showed how GATS has significantly increased FDI in tourism. Putting Belek, Turkey as a case study, the increase of FDI has been followed by over-concentration in key areas of activity and primary locations, leading to the exploitation of other resources in the region. Specifically, the constructions of

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