The Role of Tourism in the Economies of BRICS Countries
AbstractThe article evaluates the role of tourism in the economies of the BRICS countries, considered to be one of the most representative grouping among the emerging countries. Due to the impressive economic growth recorded in these countries, tourism has a growing share in their overall GDP, and large investments have been made in this sector. Taking a broad comparative approach, the article pinpoints the share of tourism in the BRICS’ countries GDP, using statistics as a research tool. It concludes that tourism has a significant potential in the BRICS countries and its part to their overall economic growth is likely to increase in future.
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Bibliographic InfoArticle provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.
Volume (Year): 6 (2014)
Issue (Month): 2 (June)
BRICS; emerging countries; tourism; economic growth;
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- L80 - Industrial Organization - - Industry Studies: Services - - - General
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