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Sustainable tourism development and globalization

   

Added on  2021-06-08

32 Pages5543 Words79 Views
IQRA UNIVERSITY“Sustainable tourism development and globalization”A Proposal submitted byTalha Sajid 11967Muhammad Danish 14552Ammar Ahmed 12760Sami-ul-Haq 12743To Department of Business AdministrationIn partial fulfillment of the requirement for the Degree of MASTER OF BUSINESS ADMINISTRATION This proposal has been Accepted by the Faculty OF BUSINESS ADMINISTRATION Mrs Nida Shah Advisor Iqra University Research Facilitation Centre

Secondary Research 2AcknowledgementAt first, we would like to thank Allah Almighty for the power hardiness, and potential withwhich we were able to complete this task effectively. Furthermore, we would like to precise ourappreciation to Miss Nida Shah, our mentor for provided that extraordinary learning, reassuranceand show the way in the direction of elevation. She has undeniably facilitated us in increasingour knowledge. We thank Miss, Nida Shah for charitable us the critical sustenance foraccompanying this research.

Secondary Research 3Table of ContentsAcknowledgement......................................................................................................................2CHAPTER 1....................................................................................................................................4INTRODUTION..............................................................................................................................41.1Background.......................................................................................................................51.2Problem Statement............................................................................................................61.3 Research Question..................................................................................................................71.4 Research Objective................................................................................................................71.5 Significance of the Study.......................................................................................................71.6 Organization of the Study......................................................................................................8CHAPTER 2....................................................................................................................................9LITERATURE REVIEW................................................................................................................9Theoretical Background.............................................................................................................10Empirical Studies.......................................................................................................................11CHAPTER 3..................................................................................................................................17RESEARCH METHODOLOGY..................................................................................................173.1 Research Purpose.................................................................................................................183.2 Research Approach..............................................................................................................183.3 Research Design...................................................................................................................183.4 Data sources.........................................................................................................................183.5 Sample Size and Period........................................................................................................193.6 Research Model....................................................................................................................193.7 Model Hypothesis................................................................................................................193.8 Statistical Techniques..........................................................................................................193.9 Variable Description............................................................................................................19Dependent Variable................................................................................................................20Independent Variable.............................................................................................................20CHAPTER 4..................................................................................................................................21Data analysis..................................................................................................................................214.1 Descriptive Statics................................................................................................................22

Secondary Research 4Chapter Five...................................................................................................................................26Conclusion.....................................................................................................................................265.1 Conclusion...........................................................................................................................27References..................................................................................................................................29

Secondary Research 5CHAPTER 1INTRODUTION

Secondary Research 61.1BackgroundThe tourism enterprise business has emerged as a key force for property socioeconomic development globally. The concept behind property business enterprise is to go to the locations while not harming the area people and nature and conjointly having some constructive impact onthe surroundings, society, similarly because the economy of the country. Tourism enterprise will embrace transportation to the overall place, native transportation, accommodations, leisure, amusement, shopping, and nourishment. Researchers from several disciplines have investigated internationalization and environmental sides of business in numerous empirical settings to uncover the advanced nature of the business trade and its impacts on the global economy. Whereas the economic contributionsof the business industry embrace employment, tax revenues, and interchange earnings, its contributions transcend the economic (Quer, et al., 2017). Business bolsters communities' social capital and individuals' world awareness by exchanging cultures and values that is of preponderant importance for societies during a globalized world. Business has become a big part of the world economy, and therefore the business trade has been recognized to own the ability to steer, shift, and build property economies by numerous means that it will be coupled to travel for recreation, business, family, and/or friends. Currently, there's a widespread agreement that business enterprise growth ought to be property, though the question of a way to win this can be a subject matter of dialogue (Aizenman & Jinjarak, 2009). Tourism enterprise and therefore the travel sector square measure necessary economic activities everywhere the planet. In several countries, the business enterprise business remains a crucial supply for the generation of employment and financial gain in formal and informal

Secondary Research 7sectors. as an example, Hwang and Lee claimed that economic process and development is speedily increasing in Korean Peninsula thanks to the rise in senior business enterprise. This increase shows that tourists feel inner satisfaction that absolutely affects their future activity intentions. Similarly, developing countries will engender an enormous quantity of interchange from business enterprise that would conjointly boost their property growth and development. In developing countries, it's the most supply and a foundation for a country’s economic development and growth. Tourism enterprise revenue enhances the exchange derived from the overseas trade of products and services. This sector conjointly finances capital smart imports within the development of the economy’s industrial sector. Or else, economic growth within the developed nations influences business travel (overseas visits), which might result in an increase within the nation’s overseas reserves (Honey & Krantz, 2007).1.2Problem StatementInternational commercial enterprise in Pakistan has achieved record growth. The amount of tourists has reached 800,000 from all traveler manufacturing market places. This figure could be a twenty fifth rise from the previous 2 years. Consistent with the report, in 2018, 1.80 million guests traveled to Pakistan. The Pakistan commercial enterprise Development Corporation confirmed that half-hour of tourists were national and virtually eighty nine of the tourists most popular to journey by road; solely September and 1.7% traveled by train and air, severally. In 2018, the globe Travel and commercial enterprise Council mentioned that Pakistan’s commercial enterprise revenue was twenty billion bucks and created up seven-membered of the GDP (Athukorala, 2003). Commercial enterprise has encouraging influence on Pakistan’s economic process and still continues to grow. The most important and noteworthy ideology of

Secondary Research 8which mainly contributes tourism in a gross domestic product has been inspected in multiple studies but not emphasise mainly in Pakistan for specific time series that is from 2000 to 2020. Questions concerning the influence of mixture of tourism still remain the same. In addition, previous studies deficiencies in provided that reliable writings importance the association among tourism and globalization of Pakistan while utilising panel data of certain time period 1.3 Research QuestionWhat are the relationship flanked by international globalization factor that is social, economic and the globalization of Pakistan?1.4 Research ObjectiveThe objectives of the study are to investigative the association among globalization and tourism in Pakistan and to discriminate the causal association flanked by the parts of globalization and Tourism of Pakistan1.5 Significance of the StudyTourism is a significant component for a country's development, for the reason that in times of globalization, people in one state can easily buy or sell goods to people in other countries and tourism also incline the economic state of the country. The foremost phase of this exploration was to block up the fissures confirmed by the “Islamic Republic of Pakistan” and to discover associations amongst tourism and globalization. The intention of this study is to scrutinize economic achievement with refining GDP in relative to significant factors such as economic, social and environments, which together influence economic development controlled by GDP.

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