The provision of global public goods
Willem Molle
Abstract
Willem Molle
Abstract
The good functioning of the economy is dependent on the quality of its institutions. The previous chapters have illustrated this with a number of examples. They have also made clear that the global institutional system has been able to find solutions to a number of problems, while leaving unsolved a number of others. It triggers the question why some things have worked out fine, while others have not. In other words: ‘Which conditions need to be fulfilled to make institutional solutions effective?’
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The good functioning of the economy is dependent on the quality of its institutions. The previous chapters have illustrated this with a number of examples. They have also made clear that the global institutional system has been able to find solutions to a number of problems, while leaving unsolved a number of others. It triggers the question why some things have worked out fine, while others have not. In other words: ‘Which conditions need to be fulfilled to make institutional solutions effective?’
Key concepts: Public good, Business, Economics, Microeconomics