by Nicolas Lopez
National Center for Policy Analysis
August 14, 2014
Each member of the Pacific Alliance intends to open itself to free trade; they know that doing so also opens the door for further development. The Alliance nations’ economies have outperformed other Latin American countries. The goal of the Pacific Alliance is to maintain this advantage, potentially raising the rate of global economic growth. The focus on economic growth, rather than political gains, will prove crucial for the durability of the group. Without this, it will suffer the same fate as other organizations in the past. As the Pacific Alliance looks east, it knows that trade expansion with Asia will help its four economies flourish.