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The study of "The reform of the Peruvian university system: internationalization, advancement, challenges and opportunities" has been prepared by the areas of Economic Studies and Applied Economics of APOYO Consultoría by order of the British Council. The study analyzes the main changes in the university system in the framework of the current reform, as well as the advances and challenges in its implementation. It also analyzes trends in the internationalization of higher education, both in Latin America and in Perú, and its role in the process of assuring Quality, which is a central part of university reform.