Lecture 7 Tourism and Sustainable Development Tourism is the world's largest industry(WTTC et al., 1995). It employs approximately one in nine workers worldwide, comprising 6% of global gross national product (GNP) and, it has been seen as a panacea for solving many social problems and for driving economic growth
The State of the HK Economy The Hong Kong economy staged a sharp rebound over the course of 1999, recovering robustly from the severe setback brought about by the earlier Asian financial turmoil. The recovery was strongly export-led. In consequence, there was a marked increase in the combined visible invisible trade surplus over the year