Analysis of International Economic Integration based on a Computational Mathematical Model of Economic Complexity — Study Case: MERCOSUR

International Economic Integration entails collaborative efforts among nations to overcome barriers and achieve shared benefits. The development of analytical models is crucial for comprehending the interaction of countries as a collective entity. In South America, MERCOSUR stands out, comprising Argentina, Brazil, Paraguay, and Uruguay. In this study, Economic Complexity metrics were applied to analyze productive capacities within MERCOSUR. The results underscore integration's significance by forming economic blocs, capabilities are expanded, enriching diversity and the scope of production. Economic complexity serves as a pivotal tool for assessing interdependence and enhancing countries' global positioning. In summary, this work highlights how economic integration, exemplified by MERCOSUR, enhances productive capacity, propelling development, and competitiveness in an interconnected world. Leveraging a novel computational mathematical model, this study offers insights into the complex dynamics of international economic integration, shedding light on strategies to foster growth and collaboration in a rapidly evolving global landscape.