A snapshot of Chile's 20 largest multinational enterprises in 2011: Sustained growth in South America

This report presents the results of the second survey of multinational enterprises (MNEs) from Chile, carried out by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), the Institute of International Studies of the University of Chile (IEI), and the Vale Columbia Center on Sustainable International Investment (VCC), a joint center of Columbia Law School and The Earth Institute at Columbia University in New York. The survey, conducted in 2012, covers the period 2011 and was undertaken in the framework of the Emerging Markets Global Players (EMGP) project, an initiative of the VCC that brings together researchers from leading institutions in emerging markets to generate annual reports on the leading MNEs in each participating country. This report continues the work begun in 2011 with the report "The top multinationals from Chile in 2010: Retails, forestry and transport lead international expansion".1 The rise and expansion of MNEs from Latin America (translatins) have been documented and analyzed by ECLAC in the annual series Foreign Direct Investment Report in Latin American and the Caribbean, which have been published continuously since 1997. Chile has been one of the top sources of FDI outflows in the region, together with Mexico, Brazil and, most recently, Colombia.2 The present survey complements the studies based on aggregate FDI flows by measuring assets, sales and employment abroad of the largest multinational enterprises from Chile.