Multilatinas

Summary

For most of the 20th century, Latin America played host to the handful of then-existing multinationals from developing countries. Although such companies never reached a globally competitive position, those that survived two decades of structural adjustment and market reform policies started investing overseas in the late 1990s. Relative to new Asian multinationals, these multilatinas have tried to leverage their superior knowledge of policy innovations such as trade liberalization, privatization, and regulatory reform.