Global Public Good

Global Public Good has defined as issues that are broadly conceived as important to the international community, that for the most part cannot or will not be adequately addressed by individual countries acting alone and that are defined through a broad international consensus or a legitimate process of decision-making. It may be new to international law scholarship, many of the principal features and implications of global public goods are familiar: global public goods are externalities writ large; they create incentives to free ride; and in many cases, they require international governance to provide. Moreover, there are a number of global public goods or global-level common-pool resources, that are necessary conditions for continuing global trade and transactions.