Cities blighted by crowds of sightseers are now turning to the tourist tax

 

‘Travel makes one modest, you can see what a tiny place you occupy in the world.’ These words from Gustave Flaubert, the renowned French novelist, encapsulate the wonder and awe of travel. Though, during his lifetime, the opportunity to explore distant lands was reserved for a small, wealthy elite. Twenty years after his death, the turn of the 20th century ushered in advances in aviation, which increased the convenience of travelling to exotic places. Fast forward to this century, and tourist numbers have skyrocketed. According to the United Nations World Tourism Organisation (UNWTO), there were 70 million international tourist arrivals in 1960. In 2018, this figure rose to 1.4 billion.

Continue reading “Cities blighted by crowds of sightseers are now turning to the tourist tax”

Has the Eurozone failed the Euro?

“Europe is more than just the Euro,” words of Professor Otmar Issing, the former Chief Economist of the European Central Bank, father of the Euro (€), and a speaker at the Warwick Economics Summit 2020.

The Euro is the official currency of the EU and any member states who adopt it become part of the Eurozone. Despite the fact that not all EU countries are constituents of the monetary union, the Euro is one of the leading currencies in the world, only second to the US dollar ($).

Continue reading “Has the Eurozone failed the Euro?”

Race to One Trillion: It’s an Amazonian Economy

This is the third part of our analysis of Amazon’s rise to 1 trillion. Today, we look at Amazon’s economic power and impact on jobs and wages.

When we talk about Amazon we do not just talk about the world’s largest online retailer or the rising star in Washington’s lobbying circles. Arguably, Amazon’s impact on job creation, investment and industry competition levels is even more important. The company’s size is large enough to change the personal lives of millions of people and the economic life of entire regions, if not entire countries. Continue reading “Race to One Trillion: It’s an Amazonian Economy”

Blog at WordPress.com.

Up ↑