In terms of reference, it is correct to affirm that

“...such data,” (line 8) refers to “...several airplane crashes,” (line 4).

“ ...the historically-dominant region...” (lines 20-21) refers to “...the Asia-Pacific region,” (line 18).

“...those criteria...” (line 42) refers to “...peer evaluations...” (line 41).

“...others...” (line 49) refers to “...accreditation agencies...” (line 48).

“These two bodies...” (lines 67-68) refers to “...universities...” (line 67) and “...schools of business...” (line 64).