Business%20for%20Development%20in%20Latin%20America

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Business for Developmentin Latin America
Javier Santiso Deputy Director and Chief
Economist OECD Development Centre Organisation
for Economic Cooperation and Development
Exporta 2007 Sevilla ? ICEX June 13-14 2007
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The IBEX 35 A Latin Flavour
60 of Spanish capitalisation
Source Based on Bolsa de Madrid.
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Latin America a helping hand for Spain
Source OECD Development Centre, 2007 based on
Annual Reports.
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Spain a helping hand for Latin America
Source OECD Development Centre, 2007 based on
Annual Reports.
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Spanish multinationals a helping hand for Latin
America
Total fiscal contribution Euro 7266
Source OECD Development Centre, 2007 based on
Telefónica Annual Report.
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Spanish multinationals a helping hand for Latin
America
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Spain has become one of the leading direct
foreign investors in Latin America
Source UNCTAD, World Investment Report 2006
Source Ministerio de Industria Turismo y
Comercio de España, 2006
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Spanish multinationals have a huge stake in
Latin America
Source OECD Development Centre,2007 based on
Annual Reports.
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leaving other European firms far behind
Source OECD Development Centre, 2007 based on
Annual Reports.
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leaving other European firms far behind
Source OECD Development Centre, 2007 based on
Annual Reports.
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Spanish multinationals also generate some of the
highest employment rates
Source OECD Development Centre, 2007 based on
Annual Reports.
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Increasing capital flows south-south connection
Source UN Comtrade datababase, World Bank staff
estimates, Global Development Finance, 2006.
Source Global Development Finance, 2006.
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Leaders of this globalisation process are Mexico
Source OECD Development Centre, 2007 based on
América Economía.
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and Brazil
Source OECD Development Centre, 2007 based on
América Economía.
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Increasing appetite for overseas expansion can
also be seen in other countries such as India
Source OECD Development Centre. Based on
Dealogic and local press.
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Conclusions Spain as a Latin American Business
Hub?

• Globalisation strategies have turned into success
  stories in Spain, Latin America and other
  emerging markets.
• Spanish expansion abroad is moving towards new
  markets, beyond Latin America OECD countries and
  Asia.
• The region remains however a strategic bet for
  both old and newcomers. Above all the
  internationalization of Spanish economy could
  capitalize on this 10 years of increasing
  linkages
• Spain as a business hub for European corporations
  operating in Latin America.
• Spain as a business hub for Latin American
  corporations operating in Europe.

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Gracias!