This paper sets up a two-period, two-sector trade model of a developing country which is abundant in a natural resource but scarce in industrial goods. It shows that lower future travel costs, rising demand for tourism and higher preferences for the environment slow down today’s depletion of...

As Africa continues to attract record numbers of international arrivals, there are industry undercurrents that influence the continent's participation in tourism value chains. African tourism is characterized by high foreign demand, which elevates the position of global lead firms and increases...