Definition: Global Public Goods

Global Public Goods - "goods characterized by nonrivalry in consumption, so that consuming nations cannot exclude other nations from their benefits, and nonexclusion in consumption, so that consuming nations cannot exclude other nations from enjoying their benefits. Examples include the atmosphere, biosphere, high-yielding grains from the Green Revolution, and polio vaccination." - source: Economic Development 4th Edition by E. Wayne Nafziger

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