Summary of Festering Global Problems Require More Globalized Financing
Brookings Institution, 1/2016
Global public goods are an important part of sustainable development, but significant questions remain about how to finance them.
The problem of financing global public goods is a thorny one. The entire world benefits from actions on threats such as terrorism or climate change. But getting nations to fund these measures is difficult; they are loath to finance efforts beyond their borders. In this enlightening blog post, economist Ajay Chhibber offers various ideas on how to support global public goods. getAbstract recommends this thought-provoking essay to economists, policy makers and business executives with a global mind-set on sustainability.
In this summary, you will learn
- Why it is important to finance global public goods
- What obstacles stand in the way of providing such funding
- What avenues are available to raise the necessary financing
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