<!doctype html public «-//w3c//dtd html 4.0 transitional//en»> http-equiv=content-type> As a global phenomenon, tourism has diverse macroeconomic impacts. This newly revised edition of the textbook, which presents tourism as a “small economy,” analyzes supply-and-demand theory for the industry, the problem of the commons, and regional economic and foreign policy aspects. A glossary, summaries, and key questions help to improve learning.