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Original Research
Economic basics of tourism
South African Journal of Economic and Management Sciences | Vol 4, No 2 | a2644 |
DOI: https://doi.org/10.4102/sajems.v4i2.2644
| © 2018 Kaya Ngqaka
| This work is licensed under CC Attribution 4.0
Submitted: 06 July 2018 | Published: 30 June 2001
Submitted: 06 July 2018 | Published: 30 June 2001
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Kaya Ngqaka, Department of Economics, University of Pretoria, South AfricaFull Text:
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This paper sets out to discuss the potential of tourism as a development instrument for underdeveloped economies. This is done by drawing on economic theory as well as evidence from the real world. While it is acknowledged that tourism development is one of the growth options for these countries, it is a policy often pursued against a background of a narrow resource base and serious balance of payments difficulties. However, only by observing sound economic principles can tourism be expected to achieve its economic goals.
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