Business history in Latin America has seen significant growth in the past 25 years, most notably since the beginning of this century. Although the sub‐discipline benefitted from seminal studies by British and U.S. scholars, most works of note are currently produced by local scholars. Latin American business history holds great comparative potential for business historians in other parts of the world undertaking studies in the areas of emerging economies, business‐state relationships, the role of entrepreneurship, business groups, entrepreneurial families, and foreign investment and imperialism.