Enhancing the Economies of Third World Countries through Sustainable Development

By Ronald A. Nykiel, Jose Chepe Ascoli, Lucia de Hurtado and James C. Makens.

Published by The Global Studies Journal

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

Enhancing the economies of third world countries through sustainable development remains one of the proven solutions to help improve human conditions. For the past twenty plus year world economic and political entities have held numerous conferences and forms in the subject. Much of the outcomes include pledges, emergency relief and/or other solutions which seldom seem to come to measurable or even visible solutions. This article will delineate four models which offer examples that in part have either worked, are working, and one yet to be tried. More than 5 billion people live in poverty with the heaviest concentrations and perhaps the least hope in third world countries.
Implementing any one of these models successfully can only serve to improve their economic and environmental flight.

Keywords: Aide, Base, Economy, Infrastructure, Incentives, Development, Sustainable Tax, Tourism, Travel

Global Studies Journal, Volume 1, Issue 2, pp.79-86. Article: Print (Spiral Bound). Article: Electronic (PDF File; 643.757KB).

Ronald A. Nykiel

Conrad N. Hilton Distinguished Chair & Associate Professor, University of Houston, Houston, TX, USA

Dr. Nykiel has served as a series officer of a number of multinational hospitality corporations and authored numerous books and articles in the field. Dr. Nykiel is the founder and past Chairman of the Hospitality Industry Hall of Honor, has served as Chairman of the Hospitality Industry Diversity Institute, and as a board director of a number of corporations and industry associations. He is currently, the Conrad N. Hilton Distinguished Chair at the University of Houston and Chairman of World Institute Associates, a management consulting firm. He lives in Houston, Texas.

Jose Chepe Ascoli


Chepe Ascoli has served as managing director for the respective country/region of large global corporations in the Caribbean, Central America, and specifically Guatemala. He also served as General Manager of the largest financial institution in Guatemala. In 1996, he Founded, Advancement, a management consulting firm. He is also the founder and first President of the newest private university in Guatemala. He is the Board Director of a pharmaceutical company, a consumer goods distribution company and a coffee company. He resides in Guatemala.

Lucia de Hurtado

Universidad del Istmo, Guatemala

Dr. Hurtado has nearly 20 years experience in the formulation and implementation of local, national and regional, investment plans, programs and projects in the public sector. Dr. Hurtado has developed programs with the EU; inter-American Development BANK, IDB; and the U.S Agency for International Development (USAIO). Career experience includes serving as a professional advisor to the Economics Department and Vice President of the Republic of Guatemala, and serving as a professor at the Universidad Rafarl Landivar, Universidad del Istmo and Universidad del Valle de Guatemala. Dr Hurtado lives in Guatemala.

James C. Makens

University Del Istmo, Arizona, Guatemala

Dr. Makens has served the international travel industry for forty years as a consultant, professor and author. He is co-author of the leading text book, Marketing of Hospitality and Tourism. Dr. Makens retired as a professor in the MBA program at Wake Forest University and now serves as a visiting professor at Arizona State University and University Del Istmo in Guatemala. He lives in Steamboat Springs, Colorado and continues to serve as a consultant to the travel industry.


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