Contemporary thoughts about doing business in Latin America -- The current business environment -- Historical business perspective -- Cultural issues affecting business -- The political climate in LA -- The economic climate -- Global competitiveness -- Establishing a business in Latin America --...

Purpose: A dilemma exists in that many view offshoring as a tradeoff between cost efficiency and innovation. The purpose of this paper is to reconcile this dilemma by showing how and why offshoring to institutionally distant host countries may result in innovation. The authors introduce an...