Monthly Archives: March 2014
• Providing tourists goods and services, the country is more involved in the system of international division of labor, rationally using its natural resources.
• International tourism is an effective source of foreign currency, including due to the “internal exports”, i.e. the tourism local products. As an example, Italy, where the efficiency of the foreign exchange earnings from tourism helped to mitigate the problem of external payments. Over the past period surplus in its current account for 70-80% was formed due to the contribution from international tourism. Under the receipts from international tourism refers to the payment for goods and services made by foreign tourists during their stay in the country, except for earnings from additional employment and payment of international transit. International tourism expenditure includes purchases of goods and services produced by residents of the country abroad. Continue reading