THE IMPORTANCE OF TOURISM DEVELOPMENT IN ECONOMIC DEVELOPMENT

Authors

  • Ismoiljon Ismoilov Nordic International University

Keywords:

Economy, tourism, tourism policy, economic growth, international migration

Abstract

The significance of tourism development, categorized by types of activity, plays a pivotal role in the broader context of economic development. This research explores how various forms of tourism—such as eco-tourism, cultural tourism, adventure tourism, and medical tourism—contribute uniquely to local and national economies. Statistical analysis indicates that the global tourism sector accounted for 10.4% of the world’s GDP in 2019, highlighting its substantial impact on economic growth. Furthermore, employment generated by tourism-related activities reached approximately 330 million jobs worldwide, underscoring its importance as a source of livelihood. The study employs a mixed-methods approach, combining quantitative data from international tourism organizations with qualitative insights from case studies across different regions. Findings reveal that targeted investment in specific types of tourism can lead to sustainable economic benefits, including increased foreign exchange earnings and improved infrastructure. Moreover, the diversification of tourism activities fosters resilience against economic downturns by attracting varied demographics and interests. This research ultimately advocates for strategic planning and policy formulation that harnesses the potential of diverse tourism activities to stimulate comprehensive economic development while preserving cultural heritage and environmental integrity.

References

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Habibjonov, U. (2024). “Bir makon-bir yo ‘l” istiqbol dasturining butunjahon savdo va iqtisodiy o ‘sishga ta’siri. Nordic_Press, 3(0003).

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Khabibjonov, U., & Ismoilov, I. (2024). GENERAL STRUCTURE AND DEVELOPMENT OF CHINA’S “ONE BELT, ONE ROAD” PROGRAM. Science and innovation, 3(A7), 29-34.

Published

2024-10-06

Issue

Vol. 3 No. 0003 (2024): Nordic Studies in Academic Research

Section

Research articles

Categories

License

Copyright (c) 2024 Ismoiljon Ismoilov

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