1. The Changing Landscape of Financial Services in Latin America's Large Emerging Markets
- Author:
- Jerry Haar
- Publication Date:
- 07-2003
- Content Type:
- Working Paper
- Institution:
- The North-South Center, University of Miami
- Abstract:
- The Latin American financial services sector has been profoundly affected by the sweeping economic, legal, and regulatory reforms of the 1990s. Conversely, the sector has extensively impacted the economic liberalization process that has been the hallmark of Latin American development from the late 1980s through the present. This paper highlights trends in the financial services sector; discusses the key drivers of change, both globally and regionally; illustrates how three of those drivers — mergers and acquisitions (M), technology, and customer demand — are revolutionizing this sector; and reviews the organizational and strategic responses by financial firms to an increasingly competitive environment.
- Topic:
- Economics, Emerging Markets, and Globalization
- Political Geography:
- Latin America