The emerging Latin American corporations come essentially from Brazil and Mexico. Their prime motivation lies in the acquisition of natural resources and the search for market openings. With the exception of Cemex and Embraer who aspire to be global players, the majority of the multilatinas are regional or bi-regional companies. To a large extent, the sectorial breakdown of the multilatinas reflects the productive and technological specialisation of Latin America. They do not have at their disposal the same specific advantages as the emerging Asian multinational corporations in the high-tech industries or in the high capital-intensive sectors. The recent growth of their international activities has certainly impacted the dynamics of the global economy, particularly as regards the re-establishment of North-South links and the strengthening of South-South co-operation.
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Paper provided by Groupement de Recherches Economiques et Sociales in its series Cahiers du GRES with number
2008-08.
Find related papers by JEL classification: D21 - Microeconomics - - Production and Organizations - - - Firm Behavior F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
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