Conclusions: So ... Can Latin American Firms Compete?

Research output: Chapter in Book/Report/Conference proceedingChapter


Latin America presents unique challenges, such as roller-coaster bouts of economic development boom and bust; massive presence of state in the economy; failing markets for human and physical capital, and many other intermediate production goods; and underdeveloped and unstable institutional environments, especially in areas related to finance and law. Some firms have successfully learned how to navigate such a difficult environment. This book aims to help disseminate the lessons these firms bring to other firms and economic sectors. This chapter summarizes these in light of three leading theoretical perspectives: institutional theory, transaction cost economics, and the resource-based view of the firm. The chapter weaves common threads across the studies, and distills common strategic factors and decisions used by successful Latin American firms to compete.

Original languageEnglish (US)
Title of host publicationCan Latin American Firms Compete?
PublisherOxford University Press
ISBN (Electronic)9780191715549
ISBN (Print)9780199233755
StatePublished - Oct 4 2007


  • Competition
  • Economic policy
  • Economies
  • Firm performance
  • Institutional theory
  • Latin america
  • Resource-based view
  • Strategy
  • Transaction cost economics

ASJC Scopus subject areas

  • Business, Management and Accounting(all)


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