Twenty-one contributions make the case with implications for foreign aid that the nonrivalry and nonexcludability tests of a public good can be applied at the global level to market efficiency, environment and cultural heritage, health, information, and peace. The glossary covers terms from "club good" to "transaction costs." Annotation c. Book News, Inc., Portland, OR (booknews.com)
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This collection offers a new rationale and framework for international development cooperation. Its main argument is that in actual practice, development cooperation has already moved beyond aid (i.e. assistance to poor countries) and onto issues such as the ozone hole, global climate change, HIV, drug trafficking, and financial volatility. These issues are not poverty-related but instead concern global housekeeping, which helps to ensure an adequate provision of global public goods. Contributors include Amartya Sen, the 1998 Nobel Laureate in Economics, Jeffrey Sachs of the Harvard Institute for International Development, Joseph Stiglitz of the World Bank, and many others.
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