This research uses evidence of 116 articles to identify the critical success factors (CSFs) for tourism‐led growth (TLG). A dichotomous dependent variable was regressed against CSFs for various cross sections of 47 countries, spanning from 1995 to 2013. The results show that the safety and security of tourists, human resources, trade openness, protection of the environment, financial sector development, and technological development are CSFs for TLG. It follows from the results that the industrial development path decreases the odds of achieving success through TLG. Countries with more developed human capital and financial systems have better chances of achieving growth through tourism development.
The authors analysed comparative advantage of Canada, Mexico and the United States in the context of the North American Free Trade Agreement (NAFTA). The authors found that there is empirical evidence as expected that the United States of America has a large number of products in which it has a comparative advantage in, followed by Canada. Mexico is the least competitive with fewer products compared to the United States of America and Canada. The authors have also concluded that having comparative advantage is not synonymous with trade performance in intra-regional trade as Mexico tends to benefit much more in spite of having a very few products in which it has comparative advantage as demonstrated by huge trade surpluses over Canada and the United States
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