International tourism: linkage of developing and developed economies

This chapter will make use of existing theory to better analyze and discuss how international tourism can actually be a development source, or at least a link for development for economies in transition. Its first section faces the tourism as an exported item, linking it to the international trade theory, showing how a country might benefit from it. The second one, focus on international tourism as an investment both for governments and companies in the sector, with the special feature of international diversification, taking into account that foreign tourists bring foreign currency with them. The third section approaches the potential economic policy tool that can be seen in tourism, given its uniqueness as a market, and its contribution for the economy.