Chapter 1 – Background to the Study
The Zambian economy has historically been based on the copper-mining industry, which is done the Copperbelt. Output of copper had fallen, however, to a low of 228,000tonnes in 1998, continuing a 30-year decline in output due to lack of investment, and more recently, low copper prices and uncertainty over privatization. In 2001, the first full year of a privatized industry,
The main objective of this study is to investigate
Chapter 2 – Literature review
The numbers of international visitors to
In 2000, land seizures, violence, clampdowns on opposition groups and newspapers, a collapsed economy and widespread insecurity came to
Fortunately for southern Africa and the tourism industry as a whole,
But tourism to
The extra resources have primarily been used to restore the external balance, and since
This has meant that it has been very difficult to increase domestic investment from the previous extremely low levels (Bigsten, et al, 2000). How to achieve this is one of the most crucial questions with regard to the long-term development of the country. And without resources to support the tourism industry, it couldn't help to improve the struggling economy.
In some African countries, such as Zambia, tourism is not only recognized as a priority sector by the Government, but as Zambian tourism is almost exclusively based on wildlife viewing, which obviously takes place in rural areas, tourism development contributes to increasing rural development, incomes and employment-all national economic objectives (Butler & Pearce, 1999).
An impressive link between a luxury safari company and a local tourism initiative is bringing benefits to a small Zambian community. Suffering from the prolonged downturn in
In African countries, for instance
A sizeable proportion of new forms of tourism in the Third World can be related directly to the burgeoning new middle classes of the
Essentially, tourism development is all about implementation. Sound or even innovative projects have no impact on development unless they are implemented. Perhaps too much of the concern of academics is about impact rather than the process of implementation. The two aspects are inextricably linked because the process of implementation is itself a methodological issue which can directly affect the impact of what is done.
To have a more central role in formulating methodology would allow the academic a real-world participatory function which should benefit the project, and the experience gained would also benefit teaching and future research. There are considerable 'cross-over' benefits to be gained by both parties if the great divide can be effectively bridged.
This is perhaps the case for
The rate of growth of any economy is largely determined by the accumulation of physical and human capital, the efficiency of resource allocation, and the ability to acquire and apply modern technology. What is required for faster growth is change in the economic environment that facilitates both the accumulation of production factors and their efficient allocation, and the introduction of better technologies. This requires economic policies at the micro level to develop and sustain efficient markets, while macro policy must be geared to guarantee macroeconomic stability. An efficient economy also requires a supporting environment of efficient institutions (Bigsten, et al, 2000).
The Ministry of Tourism is giving out loans called TDCF to help Small Entrepreneurs to set up tourist facilities which are payable without interest. The ZAWA is leasing both local and international entrepreneurs with an encouragement of partnership between local and international investors.
Chapter 3 – Research objectives
The paper will specifically (1) find an alternative source of income to supplement government revenue and possibly replace copper production, (2) assist in efforts to find further sources of employment in response to rising unemployment figures currently being experienced in Zambia, (3) contribute in creating a major tourism industry competitor in the form of Zambia, one that could effectively compete with the African market leaders like Kenya, (4) improve on the already existing expansion of the Tourism industry by way of research, and (5) find tourism sites affordable to people of lower incomes.
Chapter 4 – Research Methodology
Data to be used in the study will be gathered from residents in
They will be asked about their views on the status of the tourism industry of the country, on
A random sample will be conducted, with a sample frame providing the names and addresses for all homes present in the district. The names, addresses, and phone numbers of households will be loaded into a spreadsheet and randomized. Participants of the study will be interviewed either in person or by phone. Aside from the interview, questionnaires will also be used to gather data. Informed consent from each participant will first be asked before data collection.
REVIEW OF RELATED LITERATURE Internet banking refers to the utilization of the Internet for performing transactions and payments by accessing a bank's secure website.It also pertains to the application of financial services and markets through the use of electronic communication and computation(Humphrey et al. 2004).The developments can be subdivided into two main areas. The first is the impact of Internet banking on financial services. Most economists perceive that the existence of the Internet and other electronic communication processes has significantly changed many aspects of the banking industry. A majority of the services normally provided by banks can already be provided by other financial entities (Jayaratne et al. 2001). The second main area is the major transformation that occurred on most financial markets. Nowadays, these no longer need to be related with a physical place. In effect, trading systems for foreign exchanges are gradually becoming global. All these change…