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Title: The relationship between debt-for-nature swaps and protected area tourism: a plausible strategy for developing countries

Author: Thapa, Brijesh;

Date: 2000

Source: In: McCool, Stephen F.; Cole, David N.; Borrie, William T.; O’Loughlin, Jennifer, comps. 2000. Wilderness science in a time of change conference—Volume 2: Wilderness within the context of larger systems; 1999 May 23–27; Missoula, MT. Proceedings RMRS-P-15-VOL-2. Ogden, UT: U.S. Department of Agriculture, Forest Service, Rocky Mountain Research Station. p. 268-272

Publication Series: Proceedings (P)

   Note: This article is part of a larger document. View the larger document

Description: There is a positive correlation between the debt crisis of countries. To combat the crisis, Lovejoy (1984) introduced the debt-for-nature swap process that involves a mechanism of exchange in which a certain amount of the debtor’s foreign debt is cancelled or forgiven, in return for local currency from the debtor government to be invested in domestic environmental projects such as designation and management of protected areas. Currently, in excess of $1.5 billion in transactions have occurred among 19+ countries. The demand for nature-based tourism is on the rise, and developing countries should subscribe to such swaps.

Keywords: wilderness, debt, tourism, developing countries

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Thapa, Brijesh 2000. The relationship between debt-for-nature swaps and protected area tourism: a plausible strategy for developing countries. In: McCool, Stephen F.; Cole, David N.; Borrie, William T.; O’Loughlin, Jennifer, comps. 2000. Wilderness science in a time of change conference—Volume 2: Wilderness within the context of larger systems; 1999 May 23–27; Missoula, MT. Proceedings RMRS-P-15-VOL-2. Ogden, UT: U.S. Department of Agriculture, Forest Service, Rocky Mountain Research Station. p. 268-272

 


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