Reducing Leakage
For many countries, some sources of leakage are unavoidable. Foreign-owned hotels and airlines are necessary for all but the most established of tourism industries. However, encouragement of domestic involvement in a country's tourism industry may reduce leakage in the long run. Currently, the most popular measure is restrictions on spending. Countries may limit the use of foreign currency within their borders, reducing the effect of transfer pricing (see above). Many countries require visitors to have a certain amount of money before entering, as well.
Read more about this topic: Leakage Effect
Famous quotes containing the word reducing:
“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions ... too plainly prove a deliberate, systematical plan of reducing us to slavery.”
—Thomas Jefferson (1743–1826)