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.