Tourism in foreign trade and globalization

Abstract

Tourism is growing at a faster pace and simultaneously involves many interconnected fields. Due to the industry complexity, its role in international trade and globalization is obvious. As one of the largest sectors of the world economy, it creates jobs, increases the export index and generates welfare in the world. Development of tourism business depends on investment growth, relationships with other countries, monetary and economic policies, political environment within the country. Depending on the purpose of the article, we talked about how much the impact of tourism is on the different indicators of the economy and which are the most active involvement in the tourism sector. We discussed the world and also, the example of Georgia to strengthen our opinions.