Since we have moved to basically service economies based on tourism, the question then becomes: Can tourism fill the gap that industry should have filled? What, for example, are the scientific requirements of the tourism industry which could provide higher levels of productivity and lower costs to make the industry internationally competitive?
2  BIS central bankers’ speeches  system, like maturity mismatches and excessive leverage, might become evident once such rumors begin to affect the financial intermediaries. The design of policy measures to strengthen the financial system against systemic risk requires identifying the root causes of the excessive risk taking that typically precedes financial disruptions.