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The New Economy and the Economy of Tourism


  • Mirela Mazilu

    () (Faculty of Economy and Business Administration, University of Craiova, Romania)

  • Roxana Ispas

    () (Faculty of Economy and Business Administration, University of Craiova, Romania)


Together with the Internet, e-business and the new economy era, in general, fundamental transformation of the social and economic structure take place. In parallel, the assaults on the standard economic science amplify, in the sense of some conceptual reformulations and of some reinterpretations of the economic phenomena and laws. Besides the classical factors of production, work and capital, information is added, either as a distinct factor or as a detached one of the two mentioned. Also, the empiric findings regarding the so-called tertiarisation of the economy or the increase of the share of the services sector in the total of the national economy, as well as the so-called intangible investments in the total of the investment funds, have lead to numerous attempts of redefining what we call today a "modern economy". Other factors with major influence, regarding the adjustment of the economic science to the new trends from the real economy, refer to the following: the liberalisation of the international exchanges and the globalisation; the growth of the importance of the so-called free time (including here the household activities and the ones unfolded in the interest of the community, entertainment, but also the time destined to the development of the degree of culture and education on one's own) and the fluidisation of the limits of differentiation between this and the work activity in the formal sector as well as the informal one; the more rapid dynamic of the financial and banking markets than the so-called classic productive sector of the economy; the extension of the use of computers and of the means and techniques of communication, in the activity of the companies as well as in the households, and the impact on the structure of the time and the financial budget of the population etc. All these have an impact on the tourism unfolding.

Suggested Citation

  • Mirela Mazilu & Roxana Ispas, 2011. "The New Economy and the Economy of Tourism," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(2), pages 185-192.
  • Handle: RePEc:pet:annals:v:11:y:2011:i:2:p:185-192

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    References listed on IDEAS

    1. Mirela MAZILU, 2009. "The Revival Of Tourism In Mehedinti County – Case Study: The Danube Bend Tourist Destination," Revista de turism - studii si cercetari in turism / Journal of tourism - studies and research in tourism, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 7(7), pages 77-83, June.
    2. Mirela Mazilu, 2008. "Globalization-Quality: Inseparable Binomial in the Landscape of the Rural Touristic Destinations," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 8(2), pages 11-16.
    3. Mirela Mazilu, 2009. "The Inconsistency and the Imperative Change in Romanian Tourism," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(2), pages 121-126.
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    More about this item


    tourism; sustainable development; new economy; trend;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism


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