Tourism Industry Development in Emerging Economies: Opportunities and Challenges
Author(s): Dr. Abdul Rahman
Publication #: 2604018
Date of Publication: 07.12.2017
Country: India
Pages: 1-17
Published In: Volume 3 Issue 6 December-2017
DOI: https://doi.org/10.62970/IJIRCT.v3.i6.2604018
Abstract
The perspective cited in this research document is an integrated perspective of tourism development in developing countries, where tourism is not simply ‘an economic engine,’ but rather becomes one of institutionally-based development. Constructing this synthesis on a composite theoretical framework and drawing on Dependency Theory, Institutional Theory, and the Sustainable Livelihoods Framework, we seek to answer the question of the role that tourism holds in offering economic possibility while contributing to the sustain the reproduction of, and reconstitute structural vulnerabilities. Foreign exchange earnings, job creation, infrastructure building, technology transfer, and cultural development generate specific analytical consequences of this sector. It allows for the exploration of social tourism systems (Bishop and Smith 2005). However, its contribution may be also potentially underanalytical in the context of tourism development. Of course, there are no absolute right answers, but the research suggests that these advantages are conditional and unevenly distributed. We highlight a small number of critical structural restraints, such as economic leakage, institutional voids, infrastructure deficits, environmental pressures, digital divide and exposure to exogenous shocks, which prevent the sector from achieving shared inclusive and sustainable development objectives. It is also indicative of the nature of how digitalization and sustainability imperatives are constituting a new model for how business should operate and how tourism systems should be transformed to enable new sorts of technical leapfrogging without replicating what’s already there. This article shows the challenges of making domestic (or regional) tourism more resilient for development in the post-pandemic world. It further adds to the literature by being an extensive and systematic summary — one that moves beyond the mere aggregation of economic figures and highlights the nexus between international markets, national governance forms, and local livelihoods. The findings also emphasizes the importance of institutional effectiveness, policy coherence and local control on the development of the tourism as a tool for development for all, by averting the deepening of disparities in these regions. From this study it is argued that tourism has a considerable potential to become transformation engine in emerging economies as it is a very good sector but to achieve effective and to a great extent in emerging economies, tourism is dependent on sound governance, institutional capacity, and on the integration of sustainability and digitalisation in the development planning process. It calls for the paradigms for development to adopt more comprehensive, resilient and contextual and balanced and balanced model of development and tourism policy that are inclusive and contextual, and which call into question monolithic development models and tourism policies which are entirely based on growth.
Keywords: Sustainable Tourism, Institutional Theory, Emerging Economies, Inclusive Development, Digitalization, Tourism Governance.
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