Tourism and Economic Development I A Level and IB Economics

​This short revision video provides overview of some of the arguments for and against tourism as a key driver of growth and development especially in lower and middle income countries.

​The travel and tourism industry is one of the world’s largest industries with a global economic contribution (direct, indirect and induced) of almost seven trillion U.S. dollars in 2013.

The direct economic impact of the industry, including accommodation, transportation, entertainment and attractions, was approximately 2.2 trillion U.S. dollars in 2013

For many developing countries tourism is already a major part of their economy and a significant source of income and employment.

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