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Global Public GoodsInternational Cooperation in the 21st Century$
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Inge Kaul, Isabelle Grunberg, and Marc Stern

Print publication date: 1999

Print ISBN-13: 9780195130522

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195130529.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 25 October 2021

Peace and Security

Peace and Security

(p.364) Peace and Security
Global Public Goods

David A. Hamburg

Jane E. Holl

Ruben P. Mendez

Oxford University Press

In the literature of public economics, defense has traditionally been held up as a pure public good in the domestic sphere. But there are problems with this formalistic approach, even more so at the international level. In contrast, peace meets the substantive (i.e., welfare) as well as formal criteria of a public good. The chapter focuses on the political and institutional aspects of peace, and the structures required at the level of the international system. Reviewing the historical record as well as the situation since the end of the Cold War, Mendez contrasts three models of international order: collective security, balance of power and hegemony. He argues that only collective security fully takes into account the public good nature of international peace, and that such a system is the most effective in the long run. International organizations such as the U.N. and regional bodies have key roles to play in such a system.

Keywords:   defense, global public goods, international organizations, peace, public goods, security, United Nations

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