Small, isolated and vulnerable economies mainly faced by a lot of Pacific island countries have only tourism to rely on when…
Small, isolated and vulnerable economies mainly faced by a lot of Pacific island countries have only tourism to rely on when requirements under the World Trade Organisation (WTO) of free trade are fully implemented.
Economics lecturer at the University of the South Pacific in Fiji, Dr. Waden Narsey, was speaking in the Solomon Islands` capital Honiara advising the local government to prioritize tourism in preparation of the inevitable consequences of being a member of the WTO.
He said in the future, developed countries will flood local markets with cheaper products, mainly from Asian countries as a result of cheaper labor costs in these countries.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
