Since the 1990s some Spanish companies have gained multinational status, often expanding their activities in culturally close Latin America. Spain is the second biggest foreign investor there, after the United States. Spanish companies have also expanded into Asia, especially China and India. This early global expansion is a competitive advantage over its competitors and European neighbours. The reason for this early expansion is the booming interest towards Spanish language and culture in Asia and Africa and a corporate culture that learned to take risks in unstable markets.