Growth of the Spanish Multinational in Latin America during the 1990s
AbstractDuring the 1990s, Spain changed from a net recipient of foreign direct investment (FDI) to one of the most important investors in Latin America. Fieldwork in this article identifies trends and directions of Spanish acquisitions, with an emphasis on the 1990 to 2001 period. An overview of the emergence of the Spanish MNC is followed by statistical analysis of their competitive (i.e. ownership) advantage as measured by the relative strength of market size, wage differentials and cultural affinity. This analysis helped in explaining the link between strategic decisions of the Spanish MNCs and their choice of geography and industrial sector. Empirical analysis finds Spanish MNCs responded to privatisation opportunities and to gain access to specific foreign markets rather than to an attempt to create global export platforms.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 929.
Date of creation: Jan 2001
Date of revision: Dec 2005
Latin America; FDI; Spanish MNC; Dunning;
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-12-01 (All new papers)
- NEP-CSE-2006-12-01 (Economics of Strategic Management)
- NEP-HIS-2006-12-01 (Business, Economic & Financial History)
- NEP-LAM-2006-12-01 (Central & South America)
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