THE ROLE OF FOREIGN TOURISTS’ FLOW IN THE SUSTAINABLE DEVELOPMENT OF ROMANIA AND BULGARIA
Abstract
Tourism is an important branch of sustainable development, and at least three elements go in favour of this assertion: revenue contributors to GDP, significant number of jobs it generates and the positive impact it induces in local communities. Tourism must be supported by a favorable legislative framework through the development of infrastructure, high quality services and incentive pricing policies. Given the fact that the number of overnight stays of foreign tourists in Bulgaria (a country with tourism potential relatively close to that of Romania) in August 2005 was 5 times higher than in Romania and the fact that this gap has continued to grow (in August 2014 the number of foreign overnight stays of tourists in Bulgaria was 8.26 times higher than in Romania), the paper examines the evolution and intensity of the flow of foreign tourists (implicitly of currency flows generated by them) and their impact on processes of convergence and divergence manifested in the transition processes.
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