It is intended to analyze and identify the series of mechanisms and resources used by Latin American SMEs to achieve an effective internationalization process. As a result of this, the context surrounding these companies in their emerging economies is thoroughly investigated in order to determine the impediments or barriers that these countries have for their production industry. Thus, companies must resort to other methods of expansion and commercial growth to reach the desired foreign markets, such as technological innovations, capital investments within the company and the creation of economic groups. Although these are tools to achieve such expansion, the study reveals that no matter how much it is intended to generalize the information according to the creation of statistical and economic models, it is highly complicated to generate a structure that can consider all the different variables that affect company growth in developing countries. Consequently, it is proposed that for future occasions it is essential to increase the period in which these markets are observed and studied in order to better understand the homogeneous variables that constantly affect production and those that appear only in certain scenarios but that in any case have a great impact at company level.