What is the impact of economic globalization on tourism?

With the development of society, tourism has become one of the industries with the strongest momentum of development and the largest scale in the global economy. The industrial status and economic role of tourism in urban economic development have gradually increased, and tourism has played an important role in urban economic development. The driving force of urban economy, social employment, and promotion of culture and environment are increasingly apparent. Tourism is one of the pillar industries of China's economic development.

As an emerging industry in the national economy, China's tourism industry has clarified the basic principles of development and construction in the early stages of its development. On the one hand, it insists on opening up to the outside world and attracts funds from all walks of life at home and abroad. On the other hand, we should make full use of social resources and encourage the state, collectives and individuals to invest in tourism project construction.

This open investment policy has promoted the activity of China's tourism investment market and the improvement of tourism reception capabilities, creating conditions for the prosperity and development of the tourism industry.

Although there are still many problems and obstacles in the development of China's tourism industry, especially the low degree of marketization of the tourism management system and investment mechanism, the investment environment of China's tourism industry generally shows a continuous optimization trend.

In the next 10 years, China's tourism industry will maintain an average annual growth rate of 10.4%, of which the average annual growth rate of personal tourism consumption is 9.8%, and the growth rate of corporate/government tourism will reach 10.9%. By 2020, China will become the world's largest tourist destination and the fourth largest source of tourists.

By 2010, China's total tourism revenue will increase from 5.44% in 2002 to 8% of GDP. Therefore, as one of the six emerging consumer hotspot industries, there will be significant investment opportunities in the next few years.

Extended information:

Impact on China’s economy

As an unstoppable historical wave, what can economic globalization bring to people? Measuring the economy Regarding the pros and cons and gains and losses of globalization, the most critical issue is to study what opportunities economic globalization has provided China, and what risks and challenges it has brought.

The opportunities brought by economic globalization to China are mainly reflected in the following aspects:

First, it is conducive to attracting and utilizing foreign investment, introducing the world's advanced management theories and experience and realizing Management innovation. According to statistics, the total foreign direct investment flowing into China at the beginning of reform and opening up (1979-1982) was US$1.166 billion.

It has been rising year by year since then, and it has increased rapidly in the 1990s. By the end of 2002, it has reached a total of 441.6 billion US dollars. The actual amount of foreign direct investment has ranked second in the world since 1993, ranking first among developing countries. of first place. In the past 20 years, the foreign direct investment attracted by China accounted for 32.47% of the foreign direct investment attracted by all developing countries.

Because economic globalization has enabled the global flow of talents, capital, information, knowledge and materials, China has been able to introduce and absorb advanced management theories and experiences from the world, and conduct management according to China's national conditions. Innovation. In fact, the multinational companies that have entered China have given people a lot of inspiration and reference in terms of business management.

Second, it is conducive to accelerating China’s industrialization process and improving its industrial structure. Economic globalization enables China to integrate into the world economic system more quickly, make full use of the opportunities of industrial restructuring in developed countries, transfer relatively advanced labor-intensive industries or production links, and accelerate China's industrialization process.

Continuously adjust and optimize the industrial structure and export commodity structure according to the needs of domestic and international markets to strengthen economic competitiveness.

Baidu Encyclopedia-Economic Globalization