Summary of Festering Global Problems Require More Globalized Financing

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Festering Global Problems Require More Globalized Financing summary
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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 and
  • What avenues are available to raise the necessary financing.
 

About the Author

Ajay Chhibber is a visiting scholar at George Washington University and a visiting professor at New Delhi’s National Institute for Public Finance and Policy.

 

Summary

People around the world are becoming more aware of the need to collaborate in pursuing the United Nations’ Sustainable Development Goals, including addressing threats to global public goods such as climate change, conflicts, cyberwar, natural disasters and extreme poverty. Such hazards cross national...

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