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Bolivian Highlights and Haircut Economics

September 24, 2011 by Cynthia Ord 2 Comments

Bolivian Highlights and Haircut Economics

Global tourism has a sly way of turning non-tradable goods into tradable ones. With enough tourism, a city like Cochabamba Bolivia can essentially ‘export’ non-tradables like restaurant meals and haircuts by selling them to travelers who are buying with foreign currency that they’ve exchanged. The implications are many, but this is part of why global tourism is generally considered to be a positive thing for local economies.

About Cynthia Ord

cynthia ordColorado native. Inveterate traveler. Marketing strategy, management, and support for small businesses and place-based brands.
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