A survey of Canadian countertrade practices with Latin American and Caribbean countries

Strizzi, Nicolino; Kindra, G. S; Svoboda, Charles V.

doi:10.1080/11926422.1999.9673189

Cited by 2 publications

(1 citation statement)

References 9 publications

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“…Decades of civil conflict, massive underinvestment, fiscal adjustment and consolidation, foreign currency constraints, and destructive natural disasters have left the region's physical and social infrastructures in very poor condition (Strizzi, Kindra, and Svoboda 1997). Most LAC countries will need to significantly upgrade and modernize their infrastructures to support socioeconomic progress and tourism development.…”

Section: Ongoing Urbanizationmentioning

confidence: 99%

Challenges Facing Tourism Markets in Latin America and the Caribbean Region in the New Millennium

Strizzi¹,

Meis²

2001

Journal of Travel Research

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Latin American and Caribbean (LAC) region outbound tourism will remain highly sensitive to current and future income and employment growth. As such, LAC outbound travel volumes and spending patterns will be adversely affected by the region’s worsening macroeconomic conditions and gloomy employment outlook. Weaker regional income and job growth will lead to lower consumer buying power and lower demand for such discretionary spending as travel. In addition, weaker LAC currencies will further discourage outbound travel flows, especially long-haul pleasure travel, in favor of cheaper and closer tourist destinations. The outbound flow of LAC travelers will most likely remain at a steady or possibly even at a slower pace instead of reaching rapid speeds in coming years. Competition to attract new LAC outbound tourists and encourage repeat travelers will get more difficult.

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Section: Ongoing Urbanizationmentioning

confidence: 99%

Challenges Facing Tourism Markets in Latin America and the Caribbean Region in the New Millennium

Strizzi¹,

Meis²

2001

Journal of Travel Research

Self Cite

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Foreign debt in Asia Pacific and the Latin American and Caribbean region: is there a cause for concern?

Strizzi

Kindra²

1998

European Business Review

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Many countries in both the LAC region and Asia Pacific have large and growing foreign debts. Country risk ratios and the profile of foreign debts for the majority of these countries are near or exceed widely regarded warning thresholds. Chronic budget and funding problems regionwide, including massive infrastructure investment needs and rising social spending pressures, will lead to greater reliance on foreign borrowing. That will contribute to debt accumulation and rising debt‐servicing burdens. Economic slowdown, massive banking and financial sector restructuring, erosion of export competitiveness and declining foreign exchange reserves will increase the likelihood that these countries will be unable to fully meet their foreign debt‐servicing obligations. The risk of debt default will be greatly increased over the next decade. Mounting public criticism will make it tougher to arrange future international financial rescue packages, such as those extended to Mexico and Thailand, for cash‐strapped sovereigns. As Canada’s economic profile rises in emerging markets, greater monitoring of country risks is warranted.

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A survey of Canadian countertrade practices with Latin American and Caribbean countries

Cited by 2 publications

References 9 publications

Challenges Facing Tourism Markets in Latin America and the Caribbean Region in the New Millennium

Challenges Facing Tourism Markets in Latin America and the Caribbean Region in the New Millennium

Foreign debt in Asia Pacific and the Latin American and Caribbean region: is there a cause for concern?

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