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Fostering Economic Policy Coordination in Latin America

The REDIMA Approach to Escaping the Prisoner's Dilemma

image of Fostering Economic Policy Coordination in Latin America

This work aims to provide some useful elements for addressing specific issues related to coordinating policies among sovereign nations in a world undergoing globalization and subject to increasing uncertainty. It has a twofold objective: to provide clear positions regarding options for Latin American integration, and to publicize the REDIMA experiment, as well as the momentum behind it and the proposals issued through it. REDIMA is the acronym of the Spanish and Portuguese name of the Macroeconomic Dialogue Network, implemented in Latin America by ECLAC in cooperation with the European Commission.

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“Gone with the Wind”, in attempts at international coordination

Although this volume does not provide a systematized summary of the numerous attempts at and experiences with coordination in the world, it considers the two most important and clearly related cases, the G-7 and the European Union’s EMS. First, it will re-examine the starting point, the Bretton Woods cooperation system.

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