The Role of the State in the Building Sustainable Development: The Case of Tourism in the Caribbean Islands (El Papel del Estado en la Construcción del Desarrollo
Sostenible: El Caso del Turismo en el Caribe Insular) (Spanish)
Johannie James Cruz
National University of Colombia
December, 30 2009
Cuadernos de Economía, Vol. 28, No. 51, pp. 265-281, 2009
The discussion about the relevance of state intervention in the market has been recurring in the history of economic thought. But tourism is another example that regulation is not only necessary, but fundamental to correct the asymmetries of a market that is far from fulfilling the assumptions that motivated the theory of individual interest leading to social benefits. The present work tries to emphasize the implications of ignoring the role of the state in building sustainable development, with special emphasis on tourism in the insular Caribbean.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 17
Keywords: tourism, sustainable development, state regulation, Caribbean
JEL Classification: E61, H11, L51, N36, O21
Accepted Paper Series