Global issues, globalization, and global public goods are related but differing
concepts. Globalization generally refers to the increasing integration of
economies around the world, particularly through trade, production chains
(where parts for a final good, such as an automobile, are produced in one
country and assembled in another), and financial flows. The term increasingly
also refers to the movement of people and of information (including not only
financial and other raw data but ideas, fashions, and culture as well) across
international borders. Globalization can be understood as a driving force
affecting many global issues, from migration to fair trade to debt relief.
The concept of global public goods is a more recent one, and indeed its
dimensions and implications are still being worked out by researchers and
policy analysts. The International Task Force on Global Public Goods has
defined “international public goods” (a term that includes both global and
regional public goods) as goods and services that “address issues that: (i) are
deemed to be important to the international community, to both developed
and developing countries; (ii) typically cannot, or will not, be adequately
addressed by individual countries or entities acting alone; and, in such cases
(iii) are best addressed collectively on a multilateral basis.”1 By this definition,
most but not all of the global issues addressed in this book involve the creation
of—or the failure to create—global public goods. We will return to the topic
of global public goods later in the chapter.
Global issues, globalization, and global public goods are related but differingconcepts. Globalization generally refers to the increasing integration ofeconomies around the world, particularly through trade, production chains(where parts for a final good, such as an automobile, are produced in onecountry and assembled in another), and financial flows. The term increasinglyalso refers to the movement of people and of information (including not onlyfinancial and other raw data but ideas, fashions, and culture as well) acrossinternational borders. Globalization can be understood as a driving forceaffecting many global issues, from migration to fair trade to debt relief.The concept of global public goods is a more recent one, and indeed itsdimensions and implications are still being worked out by researchers andpolicy analysts. The International Task Force on Global Public Goods hasdefined “international public goods” (a term that includes both global andregional public goods) as goods and services that “address issues that: (i) aredeemed to be important to the international community, to both developedand developing countries; (ii) typically cannot, or will not, be adequatelyaddressed by individual countries or entities acting alone; and, in such cases(iii) are best addressed collectively on a multilateral basis.”1 By this definition,most but not all of the global issues addressed in this book involve the creationof—or the failure to create—global public goods. We will return to the topicof global public goods later in the chapter.
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