The Economist, August 13, 2016
The leisure economy
Surfing to Success: Quality waves create a surge in economic activity.
Quality waves bring surfers who need somewhere to sink a cold beer and snooze. Nearby towns also get a boost as surfers roll in for suppplies or, for the less talented, medical care. The better the waves are, the greater the surge in economic activity–but only to a point. The biggest, purest breakers are suitable only for pros (or novices with scant regard for personal safety).
Waves, it turns out, are no drop in the ocean. High-quality waves, the authors (Thomas McGregor and Samual Wills of Oxford University) estimate, generate economic activity worth $50 billion per year globally. That’s around @420million annually for each place with good surf.
According Messrs McGregor and Wills, to catch the economic benefits, countries need stable politics and a decent business environment…”