In recent years after the global financial crisis, these four Latin America countries formed the Pacific Alliance with the Declaration of Lima agreement in 2011. The impetus was to establish an area for mutually supportive trade and investment. Beyond the emphasis on trade in goods and services, the Pacific Alliance supports people’s mobility and higher education exchanges. This regional trade agreement is compared to the European Union, which has even deeper integration through an established common market advance to trade, the Single Market, since 1992. Through the Bologna Process, launched in 1999, the EU and neighbouring countries established the European Higher Education Area (EHEA), in 2010.
Both trade and higher education have continued to expand in the region in recent years. The pandemic of early 2020 has brought a pause to the expansion of educational exchanges. Globalization has resulted in policies of internationalisation, and multilateral institutions have provided the framework for cooperation.
Author: Beverly Barrett
Full Document: 2021, Barrett, Trade and Higher Education in the Pacific Alliance of Latin America_A Review Paper