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
Adidas is one of the most important sports apparel companies in the world. This year, it announced that it will start manufacturing shoes in Germany again, where its headquarters is. Its six major subcontractors in China have many reasons to be concerned about this: their competitiveness will no longer be guaranteed by their low labor costs. This is because Adidas’s new … [Read more...] about The Six New Technologies That Will Have the Greatest Impact on Trade
In 1976, each Chinese citizen was earning US$ 160 a year on average. Forty years later the same annual income is US$ 4,000: it multiplied itself by 25. The question for Latin America is immediate: how did they do it? Other remarkable details of China's development: migration from the countryside to cities led to build 100 cities with capacity to accommodate at least one million … [Read more...] about Innovation and export diversification: how to renew the regional agenda with China
We are now more connected than ever. Facebook, Twitter, WhatsApp and other apps are part of our daily lives. They allow us to share experiences, move closer to each other, and keep us informed. Nonetheless, there is also a connection that is not from a virtual world but it is instead from a physical reality. This is the connectivity that brings countries together through … [Read more...] about Could connectivity become an engine of development in South America?
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?