Regional Integration in Latin America: the Pacific Players Go to Market11 April 2011 | In Business & Finance | The Economist 9 April 2011 issue
An incipient new club proclaims that Brazil is not South America's only game
If all goes well, next month traders on the stockmarkets of Chile, Colombia and Peru will be able seamlessly to buy and sell the shares of companies listed on the other two. Born after two years of negotiation, the Integrated Latin American Market (MILA, in Spanish) with a market capitalisation of over $600 billion, will instantly become Latin America's second-biggest bolsa, after Brazil's BM&FBovespa.
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