Tourism, man­u­fac­tur­ing and com­plex­ity

Is the tourism in­dus­try the sil­ver bul­let for eco­nomic growth, or are we bet­ter to back higher pro­duc­tiv­ity sec­tors such as man­u­fac­tur­ing? By Di­eter Adam.

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coun­tries, at 59539, fol­lowed by Ire­land at 49393, Ger­many 46400, Aus­tralia 45925, Den­mark 45536 and Ja­pan 36619. New Zealand's is 37679.

Look­ing across most coun­tries those at lower GDP per capita tend to have a higher re­liance on tourism.

In their book the late Sir Paul Cal­laghan and Prof Shaun Hendy, talk about the role of tourism and pros­per­ity. are closely con­nected.

This con­nec­tion is best ex­plained by Har­vard Pro­fes­sors Pisano and Shih (2009) while also show­ing the need for a thriv­ing man­u­fac­tur­ing base:

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