Tourism To The Rescue?
With the recent decline in the price of
commodities, Emerging Markets are trying to increase and maintain their growth
levels through other mediums. Tourism could help them on their mission. Indeed,
whereas in 1990 the number of visitors in Sub-Saharan Africa was just over 6
million, in 2010 this increased to over 30 million by 2010, highlighting how
tourism can play a large part in increasing aggregate demand in these
developing nations.
