Global public goods

Global public goods

Public goods that cannot be provided by one country acting alone but only by the joint efforts of many (strictly, all) countries. Some economists, along with global institutions such as the UN, reckon that such goods include international law and law enforcement, a stable global financial system, an open trading system, health, peace and environmental sustainability.

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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