Position of tourism in global economy and its impact on GDP, employment and investments

Abstract

he world has already undergone the globalization process in all segments of the economy. This paper addresses the issue of the ways in which globalization affects tourism as the industry and economic activity. Furthermore, tourism as an economic activity exerts a considerable impact on other activities. Therefore, we have to focus more on the extent and the way this influence is exerted. Also, tourism has an impact on the formation of the gross domestic product, as well as employment and investment. Tourism cannot develop without foreign direct investment , and this paper shows the position of tourism in relation to other activities concerning the number and value of green field investment.