Handling large volumes of information that are constantly being updated is one of the major challenges that we will be facing in the near future. Large companies use big data techniques every day to get to know their consumers better and to hone their marketing strategies. Countries are also using big data to update their investment attraction policies and promote trade … [Read more...] about How Will New Technologies Impact Integration in Latin America?
Regional Integration
Local or Imported? What Behavioral Economics Has to Say about 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
The Importance of Inclusive Trade in Economic Development
This past two weeks, leaders from around the world gathered in New York to attend the United Nation’s General Assembly. One of the topics of discussion was the 2030 Agenda for Sustainable Development, a set of 17 goals focused on improving the prosperity of people and the planet. One of the recurring themes in the 2030 Agenda is the role of trade in supporting economic growth … [Read more...] about The Importance of Inclusive Trade in Economic Development
Five Reasons Why Trade Agreements in Latin America and the Caribbean Matter
Trade agreements cover 70% of all trade in Latin America and the Caribbean (LAC). Of the 270 free trade agreements (FTAs) currently in effect around the world, more than 70 include LAC countries. Let’s look at five reasons why trade agreements matter to LAC. 1) Trade has enormous potential for economic development and poverty reduction. Latin America is a recent example of … [Read more...] about Five Reasons Why Trade Agreements in Latin America and the Caribbean Matter
Big Data and Trade: Tell Me How You Connect and I’ll Tell You What You Buy
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