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.
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: