Public Goods and Regional Cooperation for Development: A New Look

Todd Sandler

Revista Integración y Comercio (Integration and Trade Journal), 2013, vol. 36, issue 17, 13-24

Abstract: This article takes a fresh look at regional public goods and their role in promoting sustainable development and cooperation in Latin America. At the outset, the article reviews the essential properties of public goods - nonexcludability of benefits, nonrivalry of benefits, and the aggregation technology of public supply - and their influence on the prognosis of supply of regional public goods. From a collective action prospective, the article draws important distinctions among four classes of public goods: national public goods, regional public goods, transregional public goods, and global public goods. The role of IDB, donor nations, customs unions, and others in facilitating the provision of these goods is investigated. Given the article’s regional focus, much of the analysis is with respect to regional and transregional public goods. Myriad examples of Latin American regional public goods are given. The article also presents the pros and cons of regional subsidiarity. Finally, the article lists numerous policy recommendations.

Keywords: COOPERACION PARA EL DESARROLLO; COOPERACION REGIONAL; BIENES PUBLICOS REGIONALES; DESARROLLO SOSTENIBLE; INNOVACIONES TECNOLOGICAS; ESQUEMAS DE INTEGRACION EN GENERAL; SISTEMA FINANCIERO INTERNACIONAL; BANCO INTERAMERICANO DE DESARROLLO; BID (search for similar items in EconPapers)
JEL-codes: F18 F3 F5 O O16 (search for similar items in EconPapers)
Date: 2013-07
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:intala:jou:integandcom:v:36:y:2013:i:17:p:13-24

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