Economic Liberalization and Multilatinas (Liberalizacion Economica y Multilatinas)

Globalization, Competitiveness and Governance, Vol. 1, No. 1, pp. 66-87, 2007

20 Pages Posted: 9 Dec 2007

See all articles by Alvaro Cuervo-Cazurra

Alvaro Cuervo-Cazurra

Northeastern University - Department of International Business and Strategy

Abstract

Multinational firms from Latin America, or Multilatinas, have recently emerged among the largest multinational firms in the World. This paper describes the phenomenon and argues that the emergence of Multilatinas is a consequence of the process of economic liberalization of the decade of the eighties and nineties. The reduction in the protection that Latin American firms had during the period of import substitution and the increase in foreign competition that accompanies the economic liberalization have force Latin American firms to improve their levels of competitiveness. This improvement has enabled them to overcome the difficulties in internationalization and become Multilatinas.

Note: Downloadable document is in Spanish.

Keywords: Multilatinas, multinational firms, Latin America, economic liberalization, foreign direct investment

JEL Classification: F23, M16, O54

Suggested Citation

Cuervo-Cazurra, Alvaro, Economic Liberalization and Multilatinas (Liberalizacion Economica y Multilatinas). Globalization, Competitiveness and Governance, Vol. 1, No. 1, pp. 66-87, 2007, Available at SSRN: https://ssrn.com/abstract=1060901

Alvaro Cuervo-Cazurra (Contact Author)

Northeastern University - Department of International Business and Strategy ( email )

D'Amore-McKim School of Business
313 Hayden Hall, 360 Huntington Avenue
Boston, MA 02115
United States
16173736568 (Phone)
16173738628 (Fax)

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