Reflections on the process of the Pacific Alliance integration from the perspective of Competitiveness and Investment in Science and Technology: Challenges for future Commercial Integration

Abstract

Currently, economic and commercial integration processes characterize the relationships between regions and countries of the world, without excep-tion. With that in mind, in 2011 in Latin America, the creation of the so-called Pacific Alliance (PA) was formalized, conformed by Mexico, Chile, Colombia, and Peru. With this alliance, these four countries sought to increase their mutual trade and investment flows, to encourage their production of goods and services. The objective of this article is to analyze from the creation of the PA, the factors that explain the evolution of trade and investment between the four countries, using the exploratory method. The results indicate that to this moment, the PA is far from achieving its objective of greater integration and economic growth in each country, this being its main contribution: contrast the objectives that the theory of economic integration postulates versus the results achieved in practice by the PA.