Tourism’s Impact on Growth: The Role of Globalisation

Abstract

Globalisation is a political, economic, and social phenomenon and there are many who are in favor of it and many opposed to it. In this piece, the authors analyze the relationship between tourism and globalisation. The authors analyze 167 countries and territories for the years 2000-2010 to determine if globalisation has been linked with increases in per capita tourism’s contribution to economic growth. The analysis illustrates that there is no correlation between globalisation and the average per capita economic growth contribution of tourism for the years 2000-2010.

Keywords: tourism, economic growth, growth decomposition methodology, globalisation