Tourism and economic growth: The role of globalization

Firda Hidayati

Abstract


Tourism is believed to bring significant impact on economic growth in both developed and developing countries.. However, many still question the role of globalization to foster tourism impact on economic growth. This research amied to review current journals on tourism to examine possible impacts of globalization on tourism and economic growth. This study is aimed to review articles from 2007 to 2017 (10 years)  to map the correlation between those three aspects. The finding supports the notion on the positive impact of globalization to tourism contribution to economic growth.  The developing and third world countries need to manage globalization, in term of export, Foreign Direct Investment (FDI) and foreign tourist spending to increase tourism developement and economic growth. Proper tourism expansion policy should not only focus on physical insrastructure such as hotels, roads, and restourants, but also no-physical infrastructucture such as innovation and coordination to enhance benefits gained from globalization. The key to increase tourism effectiveness is innovation, therefore, tourism policy should be equipped with education system that allows local officers and society to adapt with constant change and multiple stakeholders form different nationalities, cultures and education background.


Keywords


innovation, tourism, export related tourism, international tourism spending, Foreign Direct Investment, economic growth, social growth.

Full Text:

PDF

References


Alam, A., Malik O.M., Ahmed M., & Gaadar K. 2015. Empirical Analysis of Tourism as a Tool to Increase Foreign Direct Investment in Developing Country: Evidence from Malaysia. Mediterranean Journal of Social Sciences, 6 (4): 2001-2007. Doi:10.5901/mjss.2015.v6n4s3p201

Akkemik K.A. 2012. Assessing the importance of international tourism for the Turkish economy: A social accounting matrix analysis. Tourism Management, 33 (4): 790–801. doi.org/10.1016/j.tourman.2011.09.002

Blake A., Arbache J.S., Sinclair M.T., & Teles V. 2008. Tourism and poverty relief. Annals of Tourism Research, 35 (1): 107–126. doi.org/10.1016/j.annals.2007.06.013

Buckley R. 2012. Sustainable tourism: Research and reality. Annals of Tourism Research, 39 (2): 528–546. doi.org/10.1016/j.annals.2012.02.003

Cernat, L., & Gourdon J. 2012. Paths to success: Benchmarking cross-country sustainable tourism. Tourism Management, 33 (5): 1044–1056.

Chou M.C. 2013. Does tourism development promote economic growth in transition countries? A panel data analysis. Economic Modelling, 33 : 226–232. doi.org/10.1016/j.econmod.2013.04.024

Crescenzi, R., Rodríguez‐Pose A. 2012. Infrastructure and regional growth in the European Union. Papers in regional science, 91 (13): 487-513. DOI: 10.1111/j.1435-5957.2012.00439.x

De la Barre S. 2013. Wilderness and cultural tour guides, place identity and sustainable tourism in remote areas. Journal of Sustainable Tourism 21 (6): 825-844.

Fereidouni, H. G., & Al-mulali, U. 2014. The interaction between tourism and FDI in real estate in OECD countries. Current Issues in Tourism, 17 (2): 105-113. doi.org/10.1080/13683500.2012.733359

Frenzel, F., Koens, K., & Steinbrink M. 2012. Slum Tourism: Poverty, Power and Ethics. Routledge.

Gabdrakhmanov, N.K. & Rubtsov V.A. 2014. Tourist and Recreational Positioning of Tatarstan Republic: Cluster Analysis. World Applied Sciences, 30:202-205

Ghaderi, Z. & Henderson J.C. 2012. Sustainable rural tourism in Iran: A perspective from Hawraman Village. Tourism Management Perspectives, 2–3: 47–54. doi.org/10.1016/j.tmp.2012.03.001

Greiner R. ‎2010. Improving the Net Benefits from Tourism for People Living in Remote Northen Australia. Sustainability, 2: 2197-2218. doi:10.3390/su2072197

Hall C.M. 2009. Innovation and tourism policy in Australia and New Zealand: never the twain shall meet? Journal of Policy Research in Tourism, Leisure and Events, 1 (1): 2-18. doi.org/10.1080/19407960802703466

Harwood S. 2010. Planning for Community Based Tourism in a Remote Location. Sustainability, 2 : 1909-1923. doi:10.3390/su2071909

Jensen, Ø. 2010. Social mediation in remote developing world tourism locations – the significance of social ties between local guides and host communities in sustainable tourism development. Journal of sustainable tourism, 18 (5): 615-633

Katircioglu S. 2009. Tourism, trade and growth: the case of Cyprus. Applied Economics, 41 (21): 2741-2750. doi.org/10.1080/00036840701335512

Kim N. 2012. Tourism destination competitiveness, globalization, and strategic development from a development economics perspective. Dissertation. Illinois

Ma M., & Hassink R. 2013. An evolutionary perspective on tourism area development. Annals of Tourism Research, 41: 89–109.

Moscardo G. 2008. Sustainable tourism innovation: Challenging basic assumptions. Tourism and Hospitality Research, 8 (1): 4-13.

Ming, G. A. O. 2011. Scale of Inbound Tourism and FDI Dependence. Tourism Forum, 1.

Othman R, Salleh N.H.M., and Sarmidi T. 2012. Analysis of Causal Relationship Between Tourism Development, Economic Growth and Foreign Direct Investment: an ARDL Approach. Journal of Applied Sciences, DOI: 1 0.3923/jas.2012.

Palei T. 2015. Assessing the Impact of Infrastructure on Economic Growth and Global Competitiveness. Procedia Economics and Finance 23: 168-175. doi.org/10.1016/S2212-5671(15)00322-6

Rodríguez I., Williams A.M., Hall C.M. 2014. Tourism innovation policy: Implementation and outcomes. Annals of Tourism Research, 49: 76–93. doi.org/10.1016/j.annals.2014.08.004

Scheyvens, R., & Momsen J.H. 2008. Tourism and Poverty Reduction: Issues for Small Island States. Tourism Geographies, 10, 2008 - Issue 1 : 22-41. doi.org/10.1080/14616680701825115

Schubert , S.F., Brida, J.G, Risso W.A. 2011. The impacts of international tourism demand on economic growth of small economies dependent on tourism. Tourism Management, 32 (2): 377–385. doi.org/10.1016/j.tourman.2010.03.007

Seetanah B. 2011. Assessing the dynamic economic impact of tourism for island economies. Annals of Tourism Research, 38, (1): 291–308 . doi.org/10.1016/j.annals.2010.08.009

Snyman S.L. 2012. The role of tourism employment in poverty reduction and community perceptions of conservation and tourism in southern Africa. Journal of Sustainable Tourism 20 (3): 395-416. doi.org/10.1080/09669582.2012.657202

Stimson R.J., Stough R.R., & Roberts B.H. 2006. Regional economic development: analysis and planning strategy. 2nd ed. Springer.

Sujarwoto, S., Tampubolon, G., & Pierewan, A. C. (2017). Individual and Contextual Factors of Happiness and Life Satisfaction in a Low Middle Income Country. Applied Research in Quality of Life, 1-19.

Tao T.C.H., & Wall G. 2009. Tourism as a sustainable livelihood strategy. Tourism Management, 30 (1): 90–98. doi.org/10.1016/j.tourman.2008.03.009

Tang C.F. 2011. An exploration of dynamic relationship between tourist arrivals, inflation, unemployment and crime rates in Malaysia. International Journal of Social Economics, 38 (1): 50-69. doi: 10.1108/03068291111091963

Tiwari A.K. 2011. Tourism, Exports and FDI as a Means of Growth: Evidence from four ASIAN Countries. The Romanian Economic Journal, 14 (40): 131-142.


Refbacks

  • There are currently no refbacks.