Finance Of Global Goods In Sustainable Development: Applicability Of Global Taxation

Sustainable development is programming of life today and in the future, in such a way to \nestablish a balance between human being and nature and to enable future generations in \nfulfilling their needs. This concept contains growth and evolution policies in socio-economic, \necologic, political, spatial, cultural dimensions. \nThere are some important issues in agenda of countries in order to deal with problems such as \ndevelopment, growth, preventing unemployment and inflation. These problems have made \nthemselves evident with the process of globalization particularly during the 1980’s. United \nNations, OECD, EU and other voluntary institutions felt that they need to implement some \nguiding and repressive policies in order to ensure that scarce sources to be used efficient in \neconomic development with a skeptical view on future generations’ welfare. \nIn the post-1980 period initiated with the “globalisation phenomenon”, the development in \ninformatics, transportation and communication technologies has caused the globe to narrow \nrapidly and has created an environment in which geographical frontiers among all the \ncountries in the world are transcended and cooperation and trade in economic, social, cultural \nfields are developed. The process initiated with globalisation has brought some public good \nand service needs (environment, health, knowledge, peace, security, etc.) that concern all the \nsocieties into agenda. As individual countries fail to satisfy the supply and finance of these \ngoods, common cooperation worldwide is needed and hence the concept of “global public \ngood” started to take part in the public finance literature. The first study on the concept, \nnamely “Global Public Goods; International Cooperation in the 21st Century” under the \nUnited Nations Development Programme was published in 1999 and later on quite a few \nstudies on the aforementioned concept have been prepared within the bodies of national, \ninternational and supra-national institutions, establishments. \nThis work provides an examination of studies on application of ‘global tax’ as a fiscal \nprecaution taking account of national, international and supra-national effects the in relation \nbetween global public goods and sustainable growth. \nKeywords: Sustainable Development, Globalization, Public Good, Global Public Good, Tax.