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 |
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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. |
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Copyright © The Author(s), 2016. Published by Science Publishing Group |
Foreign Direct Investment, Employment, Tourism
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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
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
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
@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} }
TY - JOUR T1 - Impact of Foreign Direct Investment on Employment Evidence: Zanzibar Tourism Industry AU - Ali Othman Abbas AU - Zhang Xifeng Y1 - 2016/09/06 PY - 2016 N1 - https://doi.org/10.11648/j.ijefm.20160405.13 DO - 10.11648/j.ijefm.20160405.13 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 250 EP - 256 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20160405.13 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 IS - 5 ER -