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Economic Liberalization and Multilatinas (Liberalizacion Economica y Multilatinas)

Alvaro Cuervo-Cazurra

Northeastern University

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

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.

Number of Pages in PDF File: 20

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

JEL Classification: F23, M16, O54

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Date posted: December 9, 2007  

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

Contact Information

Alvaro Cuervo-Cazurra (Contact Author)
Northeastern University ( email )
D'Amore-McKim School of Business
313 Hayden Hall, 360 Huntington Avenue
Boston, MA 02115
United States
16173736568 (Phone)
16173738628 (Fax)
HOME PAGE: http://cuervo-cazurra.com

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