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In this paper, we analyze the role of CAPES in the quality assessment in postgraduate studies (stricto sensu) and its internationalization policy, considering mainly the Institutionalization Program of Internationalization (CAPES-PrInt), without neglecting elements that indicate the existence of a process of commodification and transnationalization of higher education, with trends for the formation of a global higher education market. To illustrate this discussion, we bring some elements of this process in Brazil and the United Kingdom. We understand that there are tensions and challenges that need to be considered when adopting internationalization as a fundamental criterion that distinguishes academic quality and excellence in stricto sensu postgraduate studies, as it may imply the shaping of new Postgraduate models and the restructuring of academic work. [ABSTRACT FROM AUTHOR]