Georgetown University Journal Publishes Research on Latin America

August 06, 2010

Topics in Globalization, Competitiveness, and Governability Range from Corruption to Social Corporate Responsibility

Washington, D.C. – The latest issue of the scholarly business journal Globalization, Competitiveness, and Governability recently was published online by Georgetown University  and Universia. The publication focuses on the effects of globalization on the competitiveness and governability of businesses and governments in Latin America.

Articles in the most recent issue examine such topics as the fight against corruption, the relationship between internationalization and market performance of Brazilian companies, mergers and takeovers in Colombian businesses, competitiveness and Spanish business export activities, and the role of local social corporate responsibility in increasing the confidence in Chilean business. These and the articles referenced below can be found online at

To arrange for an interview with Ricardo Ernst, the journal’s editor and deputy dean of the Georgetown University McDonough School of Business, or any of the article’s authors, contact Teresa Mannix, director of media relations at Georgetown’s McDonough School of Business, at (202) 687-4080 or

Article Summaries:

·         Miguel J. Schloss (Catholic University of Chile) questions the legitimacy of the fight against corruption. He argues that current initiatives are based on poorly conceived diagnosis and the official organizations lack the agility and independence necessary for tackling the issue. He concludes that action should be complemented with the development and capacitating of civil societies, the strengthening of public administration, the establishment of submission of accounts, and mediation mechanisms.
·         Tiago Loncan (Georgetown University executive education student) and Walter Meucci Nique (Federal University of Rio Grande do Sul, Brazil) analyze the relationship between the degree of internationalization and the financial and market performance of five Brazilian multinational companies. They found that greater degrees of internationalization in sales are linked to positive ROA (returns on assets) and Tobin’s Q (market performance). Businesses competing in sectors with a higher aggregate value showed marginally greater returns on international sales.
·         Veneta Andonova, Yeny E. Rodríguez Ramos, and Iván Darío Sánchez Manchola (University of the Andes, Colombia) analyze the behavior of Colombian businesses in industries characterized by waves of mergers and takeovers between 1995 and 2008. They conclude that in terms of profitability, companies following this trend at a later stage have an advantage over those entering this trend in its early stages. The article offers recommendations to managers considering entering the Colombian market via mergers or takeovers.
·         Colonel Lucio Dalía Mora (Centre for Higher National Studies, Uruguay) believes that the constant uncertainty in Latin America causes imbalances, such as the inability to think and the inability to produce and innovate. He argues that strategy, prospective, intelligence, and strategic management properly coordinated and working together allow proactive measures to be taken to ensure that Latin Americans are doing the right thing.
·         Lucía Avella Camarero and Francisco Pérez García (University of Oviedo, Spain) analyze the relationship between Spanish small- and medium-sized business export activity and their level of competitiveness. The authors examine whether exports contribute to improved business results and whether a high level of competitiveness constitutes a requisite for exportation. They conclude that business results are slightly improved as a result of commencing exportation - but not after an increase in volume of exports – and that good existing results facilitate both the start of exportation and greater overseas presence for small- and medium-sized businesses.
·         Cristian Salazar, C. Pamela Fernández Tejeda, and Paula Ubeda Medina (Southern University of Chile) sought to identify the level of development of e-services in the municipal area of Southern Chile’s Los Ríos Region using a model designed and applied in the municipal context in Spain that measures this development through the e-Value index. They found that the number of internet connections and communal cost estimates are not determining factors for the level of development of the e-services under scrutiny.
·         The global recession has worn away confidence in business and their directors. Maria Iborra Juan (University of Valencia) and Ángel Perís Suay (San Vicente Ferrer Faculty of Theology) suggest that the recovery of confidence lies in the development of a pluralist business model that assumes local social corporate responsibility. They examined the extent to which this social corporate responsibility is found in supply chains in major Spanish textiles companies, showing the diversity of responses in terms of transparency and participative dialogue. For these authors, transparency and dialogue should lead to the creation of an “ethos” to restore lost trust.

About Globalization, Competitiveness, and Governability
Globalization, Competitiveness, and Governability seeks to provide people with responsibility for governing companies or managing public or private bodies and institutions with original ideas and innovative proposals to help improve the competitiveness and governability of companies and Latin American countries in a globalized world. It also aims to serve the region’s academic and scientific communities by becoming the publication of reference for new ideas by facilitating communication among the various Latin American academic communities, bringing them closer together, and structuring them around the study of specific areas, duly analyzed by means of theoretical contributions, practical applications, and real case studies. The journal is a joint project of Georgetown University’s Latin American Board and Universia. It can be found online at
About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 500 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit