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A New Trend of Regional Integration in Latin America: Focusing on the Case of Pacific Alliance

  • Journal of Asia-Pacific Studies
  • Abbr : JAPS
  • 2019, 26(4), pp.117-144
  • DOI : 10.18107/japs.2019.26.4.005
  • Publisher : Institute of Global Affairs
  • Research Area : Social Science > Social Science in general
  • Received : November 7, 2019
  • Accepted : December 11, 2019
  • Published : December 30, 2019

Sungwook Yoon 1

1충북대학교

Accredited

ABSTRACT

The purpose of this research is to analyse whether the Pacific Alliance can lead a new trend of regional integration in Latin America on the basis of discussion on its sustainability. The previous research on regional communities in Latin America has mostly focused on Mercosur, and the establishment of UNASUR and ALBA was merely perceived as a new model. However, the Pacific Alliance was initiated for the purpose of regional integration with the principle of market-driven open regionalism. Having considered the fact that various regional communities in this region have neither been maintained nor played their roles properly, this research explores how the Pacific Alliance could resolve these problems and maintain its sustainability. This research argues that the Pacific Alliance seems to increase its possibility of sustainability by various policy measures such as reflection of private sector’s policy suggestions, implementing policies with rapid and practical outcomes by early-harvest approach, and also for increasing regional cohesion. In this sense, the Pacific Alliance has attracted interests from many countries, and it is time for Korea to set up more detailed policies to strengthen the tie with the Pacific Alliance.

Citation status

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