Multilatinas and the China Challenge

Gastón Fornés and Alan Butt Philip
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Gastón Fornés: University of Bristol
Alan Butt Philip: University of Bath

Chapter 6 in The China-Latin America Axis, 2012, pp 102-119 from Palgrave Macmillan

Abstract: Abstract The ‘translatinas’ or ‘multilatinas’ are companies based in a Latin American state with value-added activities outside their country of origin (Cuervo-Cazurra, 2010; ECLAC, 2006). Although they are not a new phenomenon, for example Alpargatas, Bunge and Born, or SIAM Di Tella from Argentina established foreign subsidiaries in the first part of the twentieth century, multilatinas started to gain presence and weight mainly in the last decade alongside increases in the net outward FDI from their home countries. In fact, acknowledging their growing importance, the New York Times in 2007 published that ‘the new “multi-Latinas” are aggressive, resourceful enterprises that are a developing byproduct of the market liberalization that swept Latin American economies in the 1990s. But their broadening reach through the United States and the rest of the world – simmering below the surface for years – is beginning to turn heads’ (Krauss, 2007).

Keywords: Social Corporate Respon; American Depository Receipt; Import Substitution Industrialisation; Latin American Economy; Intraregional Trade (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36341-0_6

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DOI: 10.1057/9780230363410_6

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