Reviews

[...]he analyses the changes experienced by the Spanish economy and the expansion of FDI on the basis of the institutional transformations in Latin America that facilitated the access of Spanish companies, including new strategies based on the comparative advantages of certain types of institution that considerably increased their competitiveness. All the authors maintain that the penetration of Spanish banks in the region has improved the sector's efficiency in the region and facilitated access to new financial resources. Félix E. Martin shows how Spanish companies benefited not only from state support but also from a strong domestic civil society, while J. Roy analyses the negative image that these highly visible Spanish companies have had in Latin America following the economic and financial crisis of 2001.