Which Latin American countries are the most attractive for investments that the Spanish capital will make in 2009? The economic context in Spain is quite worrying. The economy, though not declared, is in recession with a strong deterioration of economic activity which is reflected in an increase in the level of unemployment that ranks as the highest in 12 years. In the midst of this context, the main Spanish companies look to Latin America to invest. But this that may sound contradictory, makes sense and that the investments that made these companies in Latin America, allows them to achieve an effect compensatory before the slowdown of the economy of Spain since the economies of the region, although at a lower pace, continue to grow and better prospects for the future apuntaladas about the health of its macroeconomic variables. In this sense and this order in Mexico, Brazil, Chile and Colombia lead preferences as priority destinations for investment, According to a report by IE Business School and Gavin Anderson & Company public relations consultancy that collects the views of 20 companies that are traded on the Spanish stock market, where highlights firms such as BBVA, Repsol YPF, Iberia or Telefonica. Why are these countries which are leading the preferences of investment of the Spanish firms in the region? Juan Carlos Martinez Lazaro, Professor of Economics at IE Business School and author of the report, explains it this way: it’s markets where the rules of the game are very clear and per capita income has risen dramatically in recent years, prompting a greater flow of purchases. Thrown by the survey results show that 75% of respondents (i.e., 20 of the 35 companies that form the Ibex) plans to increase its presence in Mexico in 2009 and the argument that rely more strongly to justify such determination is the important domestic market which the country has.