Latin America and Caribbean Region (LAC), with a student enrollment about 30 million, has its own space in the global inter-university exchange. And the article aims to observe current trends and specific features of the internationalization of LAC higher education systems. The author analyzes different models of interaction of the region, firstly, with the countries of the global “North”, secondly, in the “South-South” format, and in a trilateral model – “North-South-South”. Also, the article studies some versions of intraregional cooperation in South America, as well as the Network university consortium (BRICS as example). The research exposes a new trend, the participation of LAC countries in the virtual student mobility, which has become a “new normal” during the pandemic period and has retained its significance at the present time. A special place is given to Russian-Latin American cooperation which has a long history. Additionally, the opportunities and difficulties of this bi-regional partnership in the higher education sphere at the present time are analyzed.Despite the fact that the Latin American region lies somewhat away from the main routes of global interuniversity exchange, it is gradually increasing its share in the flow of mobile students by active participation in triangle formats. Simultaneously, the region develops new options for intra-regional cooperation to increase the competitiveness of Latin American universities in the international education market.
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