Slide 5 of 11
Notes
Global public goods are "public goods with benefits that are strongly universal in terms of countries, peoples, and generations". A
globalizing world requires a theory of global public goods to achieve crucial goals such as financial stability, human security or the reduction of environmental pollution. Today most public goods are provided by national
governments, such as a legal justice system, national defense and social security. The book divides global public goods into three categories: overused, underused and undersupplied. The atmosphere and ozone layer are two
overused global public goods. Information and knowledge are in adequate supply, but are underused. Peace, health, financial stability, and equity are all undersupplied.
