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Foreign Direct Investment in Tourism Sector

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  • Georgeta Ilie

Abstract

Nowadays tourism is considered an appropriate and significant source of growth. Many countries regard the tourism as a potentially promising and capable way for economic development. Foreign direct investment (FDI) is one of the vehicles through which many countries can develop their tourism industry. FDI in tourism industry presents special challenges and concerns. Increasingly, however, the sector is being valued as a means of earning export revenues, generating jobs, promoting economic diversification and a more services-oriented economy, helping to revive declining different urban areas and cultural activities, and opening up remote rural regions.

Suggested Citation

  • Georgeta Ilie, 2015. "Foreign Direct Investment in Tourism Sector," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(3), pages 9-13, September.
    • Handle: RePEc:khe:journl:v:7:y:2015:i:3:p:9-13
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