- Title Pages
- Prologue
- Foreword
- Acknowledgements
- Contributors
- Introduction
- Notes
- Defining Global Public Goods
- Intergenerational Public Goods
- The Political Economy of International Cooperation
- Case Studies
- Equity and Justice
- Equity in a Global Public Goods Framework
- Distributive Justice as an International Public Good
- Global Justice
- Market Efficiency
- Deep Integration and Trade Agreements
- International Financial Instability
- Environment and Cultural Heritage
- Montreal versus Kyoto
- New Strategies for the Provision of Global Public Goods
- Cultural Heritage as Public Good
- Health
- Global Epidemiological Surveillance
- Health as a Global Public Good
- Knowledge and Information
- Knowledge as a Global Public Good
- Global Communications for a More Equitable World
- The Public Face of Cyberspace
- Peace and Security
- Preventing Deadly Conflict
- Peace as a Global Public Good
- International Public Goods and the Case for Foreign Aid
- Regional Public Goods in International Assistance
- Global Public Goods
- Glossary
- Further Reading
- About the Contributors
- Index
New Strategies for the Provision of Global Public Goods
New Strategies for the Provision of Global Public Goods
Learning from International Environmental Challenges
- Chapter:
- (p.220) New Strategies for the Provision of Global Public Goods
- Source:
- Global Public Goods
- Author(s):
Geoffrey Heal
- Publisher:
- Oxford University Press
Crude cost‐benefit analysis is often a poor guide to solving issues of the environment but also those of culture. Both can have economic as well as intrinsic value that is commonly recognized, if not valued. For methodologically similar problems such as these, cost‐benefit analysis must be complemented by new analytical instruments. Beyond the criterion of use value, used for private goods, Serageldin highlights the relevance of nonextractive value, including existence value, e.g., the value of a cultural site goes beyond the amount that the site is able to generate in terms of tourist dollars. Unique sites have value for the world at large, not just for residents and visitors. Serageldin suggests that private–public partnerships to ensure the revitalization of priceless sites such as old cities would be an effective policy option, offering to illustrate the examples of the historical districts of Hafsia, Tunis, and Fez, Morocco.
Keywords: contingent valuation, cost‐benefit analysis, culture, global public goods, nonextractive value, private–public partnerships, use value, valuation of public goods
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- Title Pages
- Prologue
- Foreword
- Acknowledgements
- Contributors
- Introduction
- Notes
- Defining Global Public Goods
- Intergenerational Public Goods
- The Political Economy of International Cooperation
- Case Studies
- Equity and Justice
- Equity in a Global Public Goods Framework
- Distributive Justice as an International Public Good
- Global Justice
- Market Efficiency
- Deep Integration and Trade Agreements
- International Financial Instability
- Environment and Cultural Heritage
- Montreal versus Kyoto
- New Strategies for the Provision of Global Public Goods
- Cultural Heritage as Public Good
- Health
- Global Epidemiological Surveillance
- Health as a Global Public Good
- Knowledge and Information
- Knowledge as a Global Public Good
- Global Communications for a More Equitable World
- The Public Face of Cyberspace
- Peace and Security
- Preventing Deadly Conflict
- Peace as a Global Public Good
- International Public Goods and the Case for Foreign Aid
- Regional Public Goods in International Assistance
- Global Public Goods
- Glossary
- Further Reading
- About the Contributors
- Index
