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Impact of Foreign Direct Investment on Employment Evidence: Zanzibar Tourism Industry

Received: 5 September 2016     Published: 6 September 2016
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Abstract

With the advent of globalization, there has been a massive surge of Foreign Direct Investment (FDI) inflows into developing countries during the past two decades. Tourism as one of the currently fast growing industries across the world is one of the few service sectors showing concrete and quantitative trading opportunities for all countries, regardless of their level of development. The objective of the study was to assess the impacts that FDI has, is having, and will have on the well-being and performance of the Zanzibar labour market. The data were collected by the use of questionnaire and interview and analysis were drawn from the tourist investors in particular those in northern and eastern coasts, and Zanzibar Stone Town. The study revealed that there are positive impacts of the foreign direct investment on employment in Zanzibar, as well as positive relationship between direct foreign investment and tourism. We recommend promoting tourism abroad, balancing of tourism and other economic sectors attracting FDI in other sectors of the economy.

Published in International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 5)
DOI 10.11648/j.ijefm.20160405.13
Page(s) 250-256
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Foreign Direct Investment, Employment, Tourism

References
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  • APA Style

    Ali Othman Abbas, Zhang Xifeng. (2016). Impact of Foreign Direct Investment on Employment Evidence: Zanzibar Tourism Industry. International Journal of Economics, Finance and Management Sciences, 4(5), 250-256. https://doi.org/10.11648/j.ijefm.20160405.13

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    ACS Style

    Ali Othman Abbas; Zhang Xifeng. Impact of Foreign Direct Investment on Employment Evidence: Zanzibar Tourism Industry. Int. J. Econ. Finance Manag. Sci. 2016, 4(5), 250-256. doi: 10.11648/j.ijefm.20160405.13

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    AMA Style

    Ali Othman Abbas, Zhang Xifeng. Impact of Foreign Direct Investment on Employment Evidence: Zanzibar Tourism Industry. Int J Econ Finance Manag Sci. 2016;4(5):250-256. doi: 10.11648/j.ijefm.20160405.13

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  • @article{10.11648/j.ijefm.20160405.13,
      author = {Ali Othman Abbas and Zhang Xifeng},
      title = {Impact of Foreign Direct Investment on Employment Evidence: Zanzibar Tourism Industry},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {4},
      number = {5},
      pages = {250-256},
      doi = {10.11648/j.ijefm.20160405.13},
      url = {https://doi.org/10.11648/j.ijefm.20160405.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20160405.13},
      abstract = {With the advent of globalization, there has been a massive surge of Foreign Direct Investment (FDI) inflows into developing countries during the past two decades. Tourism as one of the currently fast growing industries across the world is one of the few service sectors showing concrete and quantitative trading opportunities for all countries, regardless of their level of development. The objective of the study was to assess the impacts that FDI has, is having, and will have on the well-being and performance of the Zanzibar labour market. The data were collected by the use of questionnaire and interview and analysis were drawn from the tourist investors in particular those in northern and eastern coasts, and Zanzibar Stone Town. The study revealed that there are positive impacts of the foreign direct investment on employment in Zanzibar, as well as positive relationship between direct foreign investment and tourism. We recommend promoting tourism abroad, balancing of tourism and other economic sectors attracting FDI in other sectors of the economy.},
     year = {2016}
    }
    

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    AU  - Ali Othman Abbas
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    JF  - International Journal of Economics, Finance and Management Sciences
    JO  - International Journal of Economics, Finance and Management Sciences
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    AB  - With the advent of globalization, there has been a massive surge of Foreign Direct Investment (FDI) inflows into developing countries during the past two decades. Tourism as one of the currently fast growing industries across the world is one of the few service sectors showing concrete and quantitative trading opportunities for all countries, regardless of their level of development. The objective of the study was to assess the impacts that FDI has, is having, and will have on the well-being and performance of the Zanzibar labour market. The data were collected by the use of questionnaire and interview and analysis were drawn from the tourist investors in particular those in northern and eastern coasts, and Zanzibar Stone Town. The study revealed that there are positive impacts of the foreign direct investment on employment in Zanzibar, as well as positive relationship between direct foreign investment and tourism. We recommend promoting tourism abroad, balancing of tourism and other economic sectors attracting FDI in other sectors of the economy.
    VL  - 4
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Author Information
  • School of Accounting, Jiangxi University of Finance and Economics, Nanchang, China

  • School of Accounting, Jiangxi University of Finance and Economics, Nanchang, China

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