Influence of Tourism on Economic Development in Asian Countries

Although the tourism industry has recorded the lowest pollution, it significantly contributes to the global economy. Therefore, many countries have spent great efforts in promoting their tourism industry to support their entire economic development. This article considers factors related to the relationship between national economic growth and international entry tourism for 11 Asian countries to investigate the existence of the cross-sectional difference between these countries. Results show that exchange rate fluctuation is an alternative factor affecting economic growth risk, and common slope exists between countries. Moreover, international entry tourist headcount and income show differential slope in some countries, implying that these factors affect the economies of different Asian countries differently.

A Review of International Entry Mode Research

International entry mode research continues to be an important focus for managers and academic researchers. When Brouthers and Hennart (2007) reviewed this emerging area of research they made a number of recommendations about how the field could be advanced. This chapter reviews the entry mode research that has been published in academic journals since 2007 and examines how these studies have addressed the issues raised. Specifically, it reviews whether (1) prevalent theories have been deepened, (2) new and different theories have gained traction, (3) new and different methodologies were applied, and (4) a better understanding of the link between mode choice and performance exists. Based on our review which builds on the findings of Brouthers and Hennart (2007), the chapter provides new guidance to help researchers understand what remains to be investigated in this important research area.