Definition
Benefits whose enjoyment by one actor does not substantially reduce availability to others and from which actors worldwide cannot readily be excluded.
Theoretical Context
Climate stability and certain public-health protections are often discussed as global public goods; provision faces collective-action and free-riding challenges.
Examples in Practice
01
Eradication of infectious diseases
Eradicating a disease can benefit people across borders and generations; financing it creates collective-action and free-rider challenges.