Investments by Spanish firms in Latin America have grown since the early 1990s by taking over many of the state-owned firms put out to tender. Second only to the United States, these investments make Spain one of the largest markets of foreign direct investment for Latin America. This multidisciplinary volume focuses on the emergence of Spanish multinational enterprises in this region. Furthermore, it analyzes the sociological and political consequences of these investments and exhibits several theoretical and methodological approaches that make the book a useful aid for teaching. It is essential reading for those who want to understand structural reforms, their consequences and the international impact of economic reform.
'This is a splendidly written, well-organized, and carefully researched collection of essays on Globalization in Latin America. Its insights and perspectives merit attention from serious students of contemporary Latin American affairs.' Gregory Baker Wolfe, Florida International University, USA ’This is indeed a major intellectual accomplishment…This book is a path-breaking contribution because it analyzes conditions in the home and host countries in a multidisciplinary and systematic fashion…This is indeed a rare and commendable feat…Seldom do you find an edited book with such coherence across chapters…The diversity of disciplinary and methodological approaches provides an outstanding approach to the topic from several angles.’ Juan Carlos Dalmau Lliso, University of Valencia, Spain 'This book provides a rich and diverse set of studies concerning FDI in Latin America that speak to us at multiple levels. The newcomer to the field will find a wealth of information on recent developments, the experienced student of the region will benefit from in-depth analyses, and the more theoretically minded researchers will encounter a valuable source of ideas.' Luis Locay, University of Miami, USA 'MartÃn and Toral's book ably analyzes the expansion of Spanish companies and FDI in Latin America and introduces English-speaking readers to the extensive Spanish literature on this process.' Journal of Latin American Studies
Contents: Foreword, Ralph S. Clem; Preface, Eduardo A. Gamarra; Introduction. The role of Spanish firms in Latin America's structural reforms: 1989-2005, Félix E. MartÃn and Pablo Toral; Spanish direct investment in Latin America, 1960-2002, Juan José DurÃ¡n; The advantage of Spanish firms in Latin America, 1990-2002, Pablo Toral; The transformation of the Spanish economy and FDI in Latin America: towards a new theoretical framework, SebastiÃ¡n Royo; Spanish foreign policy in Latin America, Javier Maestro; The foreign conquest of Latin American banking: what's happening and why?, James R. Barth, Triphon Phumiwasana and Glenn Yago; Big Spanish banks in Brazil: anything different in their asset and credit allocation?, Harry M. Makler and Walter L. Ness, Jr; Spanish banks in Latin America: do they need each other?, Ãlvaro CalderÃ³n; Spanish telecoms in Latin America: TelefÃ³nica, Fernando Gallardo; Stakeholder impact of TelefÃ³nica's Latin American investments, Michael Periu, Jr; The prospects of Spanish investment in the Latin American energy sector: will the reconquest unravel?, Gustavo de las Casas; Challenges for Spanish investments in the Latin American energy industry, Carlos Seiglie; The socio-political dimension of Spanish direct investment in Latin America, Félix E. MartÃn; The Latin American image of Spain in the aftermath of recent investments, JoaquÃn Roy; Conclusions: challenges and opportunities of foreign investments in Latin America, Maria-Angels Oliva and Luis A. Rivera-Batiz; Index.