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Multilatinas and the China Challenge

In: The China-Latin America Axis

Author

Listed:
  • Gastón Fornés

    (University of Bristol
    ESIC Business & Marketing School)

  • Alan Butt Philip

    (University of Bath)

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).

Suggested Citation

  • Gastón Fornés & Alan Butt Philip, 2012. "Multilatinas and the China Challenge," Palgrave Macmillan Books, in: The China-Latin America Axis, chapter 6, pages 102-119, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36341-0_6
    DOI: 10.1057/9780230363410_6
    as

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