Spotlight: Econ Op-eds in Summary (Week ended 09th October'19)
1. Throttling The Golden Goose
By: Ravi Ratnasabapathy
· While the recent terrorist attacks had resulted in a slump in tourist arrivals, it also provided an opportunity to address the problem of overdevelopment. With the rise in independent travellers and local tourism, it has resulted in overpopulation and overexploitation of most tourist attractions.
· Overdevelopment has resulted in buildings, telephones and electricity towers being built, which is now in a state which interferes with the view and the pristine look of these locations. As such, regulations such as building codes and controls over the number of tourists accommodated should be put in place.
· While the Sri Lanka Tourism Strategy has brought light to this issue, focusing all efforts on growing tourist arrivals alone during this time would be a mistake. The current slump is a good opportunity to implement more controls given that people are more open to work with authorities in such times.
(Compiled by: Chayu Damsinghe & Promodhya Abeysekara
Disclaimer: This information has been compiled from sources believed to be reliable but Frontier Research Private Limited does not warrant its completeness or accuracy. The bullet points provided for each summarised opinion article is written by Frontier Research and has no connection to the respective author. Furthermore, the information contained in these reports/emails are confidential and should not be shared publicly. Disclosure, copying and distribution is strictly prohibited.