Some key guidelines for escaping the prisoner’s dilemma in Latin America: Political economy at REDIMA

From the analysis given in preceding chapters and especially from the general principles drawn from coordination experiences, a significant conclusion emerges for Latin America: the prisoner’s dilemma —which reflects incentives for non-cooperative behaviour— can only be broken through a regional triggering of dynamic gains, which creates countervailing incentives for national policy makers to cooperate with one another. To launch such a dynamic process, it is necessary to simultaneously reverse the three major obstacles identified in the preceding section. The following political-economy guidelines are organized in line with these three obstacles.

Sustainable Development Goals:

Industry, Innovation and Infrastructure