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Cyprus International Institute of Management
CIIM is a non-profit, post-graduate educational institution founded in 1990 as a centre of excellence in business education and research by a group of business leaders with a global vision, under the leadership of The Cyprus Development Bank. CIIM combine
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Name of Director : Prof Theodore Panayotou
Dean: Theodore Panayotou
Peter Ashton and Theodore ...
Peter Ashton and Theodore Panayotou
Theodore Panayotou is a fellow of the Harvard Institute of International Development (HIID) and lecturer in the Department of Economics at Harvard University.
He is also a member of the Center for Tropical Forest Science.
A specialist in environmental and resource economics, environmental policy analysis, and development economics, Dr. Panayotou has advised governments and institutes in Asia, Africa, and Eastern Europe as well as numerous other national and international institutions, on the interactions between the natural resource base and economic development.
received the 1991 Distinguished Achievement Award of the Society for Conservation Biology
wide-ranging efforts to use economic analysis as a tool for conservation.
TCR Strategic Alliance Conference: Section 2
D r. Theodore Panayotou, Program Director of the International Environment Program at Harvard Institute for International Development, and Dr. Hana Ayala, originator of the TCR concept, chaired the symposium on "The Challenge of Experience-Management: Linking Quality with Sustainability".
Presented by: Theodore Panayotou, Harvard Institute
Notes to Dr. Panayotou's presentation
remarks about the need to focus on the up-market segment of tourism provoked a lot of questions.
Specifically, many groups feared that by focusing on high rates (less people and more money), a substantial number of people would be taken out of the market, since they would not be able to afford the high prices.
This strategy would also greatly constrain and restrict the economic opportunities for local and indigenous communities, relegating their participation to the low end of the service sector instead of providing opportunities for entrepreneurship at the local level, such as for smaller scale tourist facilities run by the local communities.
responded to such concerns by stating that opening Panama's natural and cultural resources to all kinds of tourism would impose a cost on those resources that would not be sustainable in the long-term.
That does not necessarily mean that only five-star hotel tourists could bring benefits to the economy.
For the lower-end of tourism you could have ecotourism activities with very low costs and impacts, where the net benefits could still be great, provided these people are guided and taught about the surroundings.
expressed that there is a lot of evidence around the world showing that the damage caused to the environment (national parks, coral reefs, etc.) is proportional to the number of people that are let into those areas.
also reminded conference participants that it is important not to confuse quality and scale.
"The studies we analyzed do not ...
"The studies we analyzed do not form an adequate basis for making decisions about expending scarce resources and bringing about irreversible changes to the environment," said Dr. Theodore Panayotou, an environmental economist with the Harvard Institute for International Development.
"One of the main purposes of these official studies was to examine the social and environmental costs of the project compared to its other benefits.
Unfortunately, our review revealed that the consultants did not adequately answer these questions, and in fact overestimated the project's benefits Â- like iron exports Â- and underestimated its significant costs Â- like loss of fisheries," explained Panayotou.
"Imposing capital controls on Cypriot ...
"Imposing capital controls on Cypriot banks was certainly correct," said Theodore Panayotou, Director of the Cyprus International Institute of Management.
They forestalled, he said, a possible "avalanche of outflows."
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