Globalization and the Pacific Alliance Regional Trade Bloc

Jorge Riveras, Michael Kantor &Jesús Arteaga-Ortiz

Abstract

Globalization is a difficult topic to analyze due to the numerous areas and metrics encompassed, which scholars have used many methods to define and assess. Attempting a broadly based, thorough, and systematic analysis of globalization is convoluted and warranted due to the narrowly focused body of research tailored to the researcher’s specific academic discipline. The shortcomings of a narrow focus on globalization analysis are reduced by employing a system approach with a multidisciplinary and multidimensional globalization model. This research employs a globalization model to examine the Pacific Alliance regional economic integration bloc established between Mexico, Colombia, Chile, and Peru in 2011. The study includes a historical examination of the impact the Pacific Alliance has had on each member country and its current level of integration. It examines changing trends, potential expansion, and concludes that policies and initiatives have promoted the spread of globalization, while countering recent protectionist policies in nations around the world.