A discussion on Global Public Goods (GPGs)

A panel discussion on Global Public Goods (GPGs). Participants- Joseph Stiglitz, Partha Dasgupta, and Solomon Hsiang.

A Primer on GPGs

A global public good is a good or service that has the three following properties : It is non-rivalrous. Consumption of this good by anyone does not reduce the quantity available to other agents. It is non-excludable. It is impossible to prevent anyone from consuming that good. It is available worldwide. This concept is an extension of Samuelson's notion of public goods to the economics of globalisation. The theoretical concept of public goods does not distinguish with regard to the geographical region in which a good may be produced or consumed. However some theorists use the term global public good to mean a public good which is non-rival and non-excludable throughout the whole world, as opposed to a public good which exists in just one national area. Knowledge is a canonical example of a global public good and climate is another.

More information on GPGs can be found here http://www.undp.org/globalpublicgoods/
and here http://www.globalpolicy.org/social-and-economic-policy/global-public-goods-1-...
and here http://www.wto.org/english/forums_e/public_forum11_e/wto_supply_of_public_goo...

Category:

Education

Tags:

• Global Public Goods
• Globalization