Participants at a recently held United Nations Conference on Trade and Development (UNCTAD XIII) have underscored the role of tourism as a vital service sector, contributing to GDP and employment in both developed and developing countries.
According to a release,
the theme of UNCTAD XIII, ‘Development-Centered Globalisation: Towards Inclusive and Sustainable Growth and Development’, focused on how the global economy can spread its benefits more inclusively and sustainably, creating jobs and raising living standards for poor people and nations. Currently ranking among the top three export sectors for nearly half of the world’s least developed countries (LDCs), tourism has emerged as one of the economic sectors best able to address these concerns. With tourism growth rates in developing countries currently outperforming those in developed countries, tourism today is one of the most promising and viable options for global development.
Click here to see the original article>the theme of UNCTAD XIII, ‘Development-Centered Globalisation: Towards Inclusive and Sustainable Growth and Development’, focused on how the global economy can spread its benefits more inclusively and sustainably, creating jobs and raising living standards for poor people and nations. Currently ranking among the top three export sectors for nearly half of the world’s least developed countries (LDCs), tourism has emerged as one of the economic sectors best able to address these concerns. With tourism growth rates in developing countries currently outperforming those in developed countries, tourism today is one of the most promising and viable options for global development.