Marko Jukic
2025.07.18
88% relevant
The article argues that heavy reliance on tourism—a service export—cannot deliver rich-country living standards for countries of meaningful scale, citing Southern Europe and island economies; it emphasizes low productivity, zero-sum competition, and negative spillovers, and frames rising tourism share (1999–2019) as a warning sign, reinforcing the broader critique that services-first models stall without a robust industrial base.