Development of Tourism in Emerging Economies: A Literature Review

International Journal of Research and Innovation in Social Science (IJRISS) | Volume III, Issue VIII, August 2019 | ISSN 2454–6186

Development of Tourism in Emerging Economies: A Literature Review

S. Damayanthi Edirisinghe* & S.D.K. Kulathunga
Faculty of Commerce & Management Studies,University of Kelaniya ,Sri Lanka
*Corresponding Author

Abstract:-Tourism is believed that one of the most rapidly emergent fields in the world. By this study,it is expected to contribute to the body of knowledge ensuring the sustainability of any venture in relation to tourism. Through this paper,researchers try to examine how the tourism industry impacted the emerging economies in the world.Tourism can be pointed out considering two aspects as the role of tourism as a foreign exchange earner and employment provider for communities. In this study, it was considered a tourism implication for the community. By 1960s, many peripheral tourist destinations were subject to socio-economic and cultural changes of which some are beneficial but some are not. The main focus of this study is to do a critical inquiry about the scholarly views, extracted information from useful sources such as definitions, concepts, keywords, and theories related to socio-economic and environmental impacts associated with tourism.These various experiences have turned the world tourism industry to a key position shaped by many factors. And in this investigation researchers have tried to gather the scholarly views to a certain place as to facilities other researchers to re-think the industry development in the journey of sustainable tourism development

Keywords: Community development, Economic impact, Socio-cultural impact, Sustainable tourism

I. INTRODUCTION

The contribution of tourism to an economy has long been a subject of great interest from a policy perspective. Tourism has proven to be a strong and resilient economic activity that generates billions of dollars in exports and creates millions of jobs(Srinivasan et al, 202012).Tourism has become not only a major force in world trade but also a vital factor in a country’s economic, cultural and social development (Sharpley, 2009). Over the last decades, tourism has experienced continued growth and increased diversification becoming one of the fastest economic sectors in the world. These dynamics have turned into a key driver of socio-economic progress in nations worldwide. And also the development of tourism in emerging economies have been shaped by many factors (Mohammad, 2016).

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