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Essay / Research Paper Abstract
A 5 page paper providing a preliminary cost-benefit analysis of a plan to increase tourism in Columbiana, a small island nation in the Caribbean. Columbiana seeks to use tourism as its fuel for economic growth. Toward that end, it is considering constructing a Web site promoting the island nation. The purpose here is to approximate a cost-benefit analysis of the effects of increasing tourism to Columbiana, specifically as the Web site is able to positively contribute toward that end. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KScbaTourism.rtf
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Unformatted sample text from the term paper:
is a small, developing island nation in the Caribbean. It has much natural beauty that it wishes to preserve, but it lacks a strong economy that can provide jobs
for its citizens. Columbiana seeks to use tourism as its fuel for economic growth. Toward that end, it is considering constructing a Web site promoting the island nation.
The purpose here is to approximate a cost-benefit analysis of the effects of increasing tourism to Columbiana, specifically as the Web site is able to positively contribute toward that
end. Cost-Benefit Analysis Theory Trumbull (1990) explains that "cost-benefit analysis has its theoretical grounding in Paretian welfare economics ... it is related to
the familiar value assumption that a change is socially desirable if the change makes some persons better off without making any others worse off" (p. 167). This concept is
the Pareto improvement. In practice, it is difficult to envision any project that could be equally beneficial to all affected. Trumbull (1990)
flatly states the existence of such a public program is "virtually inconceivable" (p. 168). The analysis still can be accomplished in meaningful terms, however. The process involves weighing
the dollar value of the gains against the dollar value of the losses. If the value of the gains exceeds the value of the losses, then the project can
be said to effect a Pareto improvement. Some condemn cost-benefit analysis as being short on ethics in that it cannot account for or
measure all situations. Robert Solows response to the criticism is that "it is not the case that cost-benefit analysis works, or must work, by monetizing everything from mother love
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