Digital Challenge and post-COVID Readjustment of European Tourism
DOI:
https://doi.org/10.14422/mis.v81.i158-159.y2023.002Keywords:
tourism sector, digitalization, readjustment effect, paradox, crisis, European Union (EU), SMEs, entrepreneurs, New Political EconomyAbstract
The present article offers a heterodox review of Political Economy, Macroeconomics and Business Management, focussing on the readjustment effect in the tourism sector due to the impact of the digital transition and its aggravation resulting from the COVID-19 crisis and the war in Ukraine. A synthesis of this paradigmatic change with the digital economy and its effects on labor and professional relations is provided, leading to a proposal of a transformation of the economic system and the production process. The author focusses on the tourism sector and its paradoxical situation in the European Union: Despite its growing importance, its recognition and transformation is insufficient. This paradox is intensified in the case of Spain, where more European recovery funds are being allocated, while less execution and more vulnerability for the tourist entrepreneurs and SMEs are detected.
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