Co-organized by D'Amore-McKim School of Business professors and Center for Emerging Markets fellows, Ruth Aguilera and Alvaro Cuervo-Cazurra, this conference examined the growing independence and resiliency of Latin American companies as a better understanding of underdeveloped institutions takes hold. Ten papers were featured at this conference, with the best published in a special issue of the Journal of World Business. Luciano Ciravegna, Maria A. Gonzalez-Perez and Latin American Chapter of the Academy of International Business assisted in conference organizing. A grant from CEM made this conference possible.