Improving the Competitiveness of the Pacific Alliance Countries

Abstract

The Pacific Alliance (PA) arose from a project for economic integration and strategic cooperation between the four member countries – Mexico, Chile, Peru, and Colombia – with the hope of driving competitiveness in the region through specialized production and exportation of assets, and to an extent consolidating them, which would have a strong impact on the process of regional integration within Latin America. Considering this, the purpose of this chapter is to review the current economic scene for regional integration that promotes competition in the countries of the PA. A documentary and statistical investigation are carried out and presented to show the primary advances of the PA in different economic and strategic areas that propel competition among its member countries. The primary findings show that there are economic and commercial indicators that encourage the achievement of a unified perspective and stability between these member countries, which allows for more competitiveness with regard to economic and commercial development in other blocks or alliances. Today, the PA shows itself as an innovative process that seeks and promises to change the economic relations of both the countries involved in it and the region in general, which is the reason for the dynamism shown in decision making and the interest in the international community. It is concluded that the PA responds to the shared interests of the four member countries while being more competitive to take advantage of any opportunities that appear from the opening and incursion of new international markets.