The owners of Latin America: the networks linking major transnational business owners

Abstract

An analysis of who owns large companies and how they are organised is overdue in the study of Latin American elites, especially at transnational level. It is a limitation that has hampered debates on the emergence of transnational business elites in the region. This paper identifies the owners of the largest companies in Latin America and analyses the networks they form. The results reveal the formation of an interlocking ownership network between a small number of transnational owners, most of whom are financial corporations in the United States and Europe. These findings allow us to discuss regional integration and the dominance of economic models imported from those territories.

Keywords

• economic elites
• companies
• interlocking ownership
• latin america
• network analysis
• regional integration