The popular smartphone app Waze tells you the quickest, least congested route for getting wherever it is you want to go. Few roads have been as winding as Latin America’s path to integration, which has involved progress and setbacks, bogus shortcuts, and even the occasional roadblock and picket line. So how can we work out the best route to integration? The secret of Waze’s … [Read more...] about The Integration Waze: the partnership between INTAL and Latinobarómetro and the region’s demand for integration
Pepsi or Coca-Cola? In 2003, the neuroscientist Read Montague at Virginia Tech relaunched the so-called cola wars between the world’s two best-known soft drinks when he invited volunteers to compare the taste of the two. Just like the first time the two brands faced off in a blind taste test, back in 1975, over half the volunteers claimed they preferred the taste of Pepsi, a … [Read more...] about Local or Imported? What Behavioral Economics Has to Say about Integration
Big data became a hot topic following the release of the film Moneyball, which starred Brad Pitt. Based on a true story, it recounts how massive databases enabled a baseball team to climb from the bottom rungs of the league ladder to the top simply by scrutinizing statistics on the optimal performance of each of its players and devising a strategy for each match based on these … [Read more...] about Big Data and Trade: Tell Me How You Connect and I’ll Tell You What You Buy
There’s an exception to every rule, and the old saying about “two economists, three opinions” doesn’t always turn out to be true. The Nobel Prize-winning economists Robert Solow, Edmund Phelps, and Alvin Roth agreed on the importance of regional integration for Latin America’s development, and all three believe innovation to be a key driver for trade. The three experts were … [Read more...] about What do three Nobel Prize winners think about Latin American integration?
What do Uruguay, Brazil, Argentina, and Venezuela have in common, apart from being members of the MERCOSUR? The fact that they are all countries where, as in Ecuador, there is significant public demand for greater integration with the world. Thanks to the new alliance between the Institute for the Integration of Latin America and the Caribbean (INTAL) and Latinobarómetro (link … [Read more...] about What does integration mean for Latin Americans?