<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-3053</journal-id>
<journal-title><![CDATA[Apuntes del Cenes]]></journal-title>
<abbrev-journal-title><![CDATA[Apuntes del Cenes]]></abbrev-journal-title>
<issn>0120-3053</issn>
<publisher>
<publisher-name><![CDATA[Universidad Pedagógica y Tecnológica de Colombia (UPTC)]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-30532024000200043</article-id>
<article-id pub-id-type="doi">10.19053/uptc.01203053.v43.n78.2024.16971</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Internalization of the Investment Environment in the International Tourism Industry]]></article-title>
<article-title xml:lang="es"><![CDATA[Internalization del entorno de inversión en la industria turística internacional]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Zaytseva]]></surname>
<given-names><![CDATA[Valentyna M.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Tsviliy]]></surname>
<given-names><![CDATA[Sergiy M.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Demko]]></surname>
<given-names><![CDATA[Valentina S.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Klopov]]></surname>
<given-names><![CDATA[Ivan &#1054;.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Kovalenko]]></surname>
<given-names><![CDATA[Viktor l.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Education Sciences  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<aff id="Af2">
<institution><![CDATA[,Economics  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<aff id="Af3">
<institution><![CDATA[,Dmytro Motornyi Tavria State Agrotechnological University  ]]></institution>
<addr-line><![CDATA[Zaporizhzhia ]]></addr-line>
<country>Ukraine</country>
</aff>
<aff id="Af4">
<institution><![CDATA[,Economic Sciences  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<aff id="Af5">
<institution><![CDATA[,Engineering  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>43</volume>
<numero>78</numero>
<fpage>43</fpage>
<lpage>75</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-30532024000200043&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-30532024000200043&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-30532024000200043&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The article presents an adaptative-institutional approach to determining the investment environment in the international tourism industry. The amount of foreign direct investment flows from international corporations to the tourism industry is analyzed. An integral index of the investment of investment capital (assets) of international corporations in the economic system of the country according to the high and low level of development of the tourism industry is proposed and calculated. The article concludes upon the necessity to create a favorable investment environment to stimulate Internalization of the Investment Environment in the International Tourism Industry further growth of tourist flows and infrastructure development. The volume of foreign direct investment in the tourism industry showed that these investments are balanced through a system of countercyclical regulation, which considers the requirements of the global economic system.  JEL Classification: F01; G3; L83; E22; Z3.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: El artículo presenta un enfoque institucional de adaptación para determinar el entorno de inversión en la industria del turismo internacional. Se analiza la cantidad de flujos de inversión extranjera directa de las corporaciones internacionales a la industria del turismo. Se propone y calcula un índice integral de la inversión de capital de inversión (activos) de las corporaciones internacionales en el sistema económico del país según el alto y bajo nivel de desarrollo de la industria turística. El artículo concluye que es necesario crear un entorno favorable para la inversión que estimule el crecimiento de los flujos turísticos y el desarrollo de infraestructura. El volumen de inversión extranjera directa en la industria del turismo demostró que estas inversiones se equilibran mediante un sistema de regulación contracíclica, lo cual es acorde a los requisitos del sistema económico mundial.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[international corporations]]></kwd>
<kwd lng="en"><![CDATA[international tourism industry]]></kwd>
<kwd lng="en"><![CDATA[investment risks]]></kwd>
<kwd lng="en"><![CDATA[investment capacity]]></kwd>
<kwd lng="en"><![CDATA[global economic system]]></kwd>
<kwd lng="es"><![CDATA[corporaciones internacionales]]></kwd>
<kwd lng="es"><![CDATA[industria turística internacional]]></kwd>
<kwd lng="es"><![CDATA[riesgos de inversión]]></kwd>
<kwd lng="es"><![CDATA[capacidad de inversión]]></kwd>
<kwd lng="es"><![CDATA[sistema económico global]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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