Position of Developing Countries in the Global Economy and Possibilities of Their Further Development.

The thesis aims to analyze the issue of the position of developing countries in the global economy and suggest the possibilities of their further development. Such a broad topic is progressively specified with focus on the group of Least Developed Countries. The key area of research in terms of the growth alternatives and poverty alleviation is tourism, due to its considerable potential. Dissertation briefly presents issues of growth and development, its context, trends and the significant development indicators. Consequently, the thesis deals with the group of Least Developed Countries (LDCs) and their potential, current position in the global economy, outlook and trends. Moreover, it focuses on the topic of development in relation to the current concept of the international organization agenda and the Unite Nations decision to declare 2017 as the International Year of Sustainable Tourism for Development. In this context, it is determined whether tourism can be considered as a main driver of growth and development and as a tool for poverty reduction. A case study aims to analyze the economic effects of tourism in LDCs according to the Economic Impact Research and uses the cluster analysis. As a result, countries are grouped into a number of clusters based on the specific components. The final chapter presents a proposal for the model of further (tourism) development in LDCs