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Fostering Economic Policy Coordination in Latin America

The REDIMA Approach to Escaping the Prisoner's Dilemma

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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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Overview

This work attempts to assemble and synthesize some results of the first phase (2000-2003) of the REDIMA project implemented in Latin America by ECLAC in cooperation with the European Commission, which provided technical support as well as co-financing for the project. REDIMA is the acronym of the Spanish and Portuguese name of the Macroeconomic Dialogue Network (Red de Diálogo Macroeconómico), which was conceived and implemented in the three main subregions of Latin America between the end of 2000 and end of 2003 by the ECLAC— United Nations headquarters in Santiago, Chile.

English

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