Economic Archive

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  Cities as Attractive Tourist Destinations

  Research into major urban centres as tourist destinations may be conducted from various perspectives. Analysis is essential since they bear a number of important characteristics which add to their appeal and influence choice as being possible tourist destinations. Related arguments are presented in the first part of the paper where the formulation ... Research into major urban centres as tourist destinations may be conducted from various perspectives. Analysis is essential since they bear a number of important characteristics which add to their appeal and influence choice as being possible tourist destinations. Related arguments are presented in the first part of the paper where the formulation of the research is also made. The second part of the paper defines the concept of ‘city tourism destination’ and the elements of its contents. These elements are crucial for designing conceptual and practical models to improve the power of city tourism destinations. Part three and part four of the research paper provide a brief description and apply a methodology based on the Global Power City Index in analysing the ranking of the world top ten city tourism destinations in 2014.

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  The Global Effects of Internal and External Devaluation on Export Potential

  The objective of this research is to assess devaluation (both internal and external) as a significant factor affecting national competitiveness by applying comparative analysis tools. The research paper consists of two major parts: the first one presents a systematization of macro-financial effects through international comparative analysis and ... The objective of this research is to assess devaluation (both internal and external) as a significant factor affecting national competitiveness by applying comparative analysis tools. The research paper consists of two major parts: the first one presents a systematization of macro-financial effects through international comparative analysis and provides arguments regarding the consequences arising from the implementation of external and internal devaluation policies; the second part examines the dynamics of export as an indicator of post-crisis recovery, which is especially important for countries with open economies upon which external and internal devaluation may have tremendous effects. The conclusion reached as a result of the research states that attitudes unconditionally favouring the devaluation of a national currency as a major tool to support export seem unjustified and should therefore be approached by taking into account potential risks and negative effects.

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  Deficincies in the Implementation of SWOT Analysis

  SWOT analysis is one of the strategic analysis methods most widely employed to ‘reconcile’ advocates of introverted management concepts (organizational excellence, process management, economical pro¬duction, etc.) and extroverted approaches (marketing, strategic management for results, early warning systems, etc.). It gives prominence to both the ... SWOT analysis is one of the strategic analysis methods most widely employed to ‘reconcile’ advocates of introverted management concepts (organizational excellence, process management, economical pro¬duction, etc.) and extroverted approaches (marketing, strategic management for results, early warning systems, etc.). It gives prominence to both the envi¬ronment and the internal state of a subject in order to examine possible combinations of internal and external factors and generate ideas for strategic choices. Reviewing SWOT analyses as a constituent of all current strategic documents gives grounds for the assertion that its implementation is strikingly limited in terms of methodology, which renders it impossible to draw ade-quate conclusions or identify feasible development strategies. This article supports the thesis that SWOT analysis might be far more useful when it is properly implemented and its full potential is utilised.