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ECONOMIC EFFECTS OF TOURISM ON THE WORLD ECONOMY Miloš Pjanić Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000 Subotica, Serbia DOI: https://doi.org/10.31410/tmt.2019.291 4th International Thematic Monograph - Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2019, Published by: Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, North Macedonia; ISSN 2683-5673, ISBN 978-86-80194-29-5; Editors: Vuk Bevanda, associate professor, Faculty of Social Sciences, Belgrade, Serbia; Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia, Printed by: SKRIPTA International, Belgrade
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Abstract: Along with the globalization of the world economy, there is a globalization of the tourism industry, having a significant impact on the growth of international tourism worldwide. Tourism is one of the key factors for the growth and development of the world economy and at the same time the new export industry. Tourism development is a significant source of foreign exchange, influences employment growth, growth of gross domestic product, improvement of the country’s balance of payments structure, and is a significant factor in overall economic development. Given the accelerated growth and development of tourism and its increasingly important role in the global market, it has a major impact on other related industries, both directly and indirectly. The aim of the paper is to point out the financial effects of tourism as one of the fastest growing industries on the world economy. Keywords: Tourism, economy, development, world. REFERENCES Ana, M. (2017, August 26). 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