Globalization, Competitiveness and Governance, Vol. 1, No. 1, pp. 66-87, 2007
20 Pages Posted: 9 Dec 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.
Notes: Downloadable document is in Spanish.
Keywords: Multilatinas, multinational firms, Latin America, economic liberalization, foreign direct investment
JEL Classification: F23, M16, O54
Suggested Citation: 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