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Public Goods and Regional Cooperation for Development: A New Look

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  • Sandler, Todd

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.

Suggested Citation

  • Sandler, Todd, 2013. "Public Goods and Regional Cooperation for Development: A New Look," Revista Integración y Comercio (Integration and Trade Journal), Inter-American Development Bank, INTAL, vol. 36(17), pages 13-24.
    • Handle: RePEc:idb:intala:jou:integandcom:v:36:y:2013:i:17:p:13-24
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    Citations

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    Cited by:

    1. Andrew T. Young, 2016. "What does it take for a roving bandit settle down? Theory and an illustrative history of the Visigoths," Public Choice, Springer, vol. 168(1), pages 75-102, July.
    2. Andrew T. Young, 2015. "Visigothic Retinues: Roving Bandits that Succeeded Rome," Working Papers 15-09, Department of Economics, West Virginia University.
    3. Werner Pascha, 2020. "The quest for infrastructure development from a “market creation” perspective: China’s “Belt and Road”, Japan’s “Quality Infrastructure” and the EU’s “Connecting Europe and Asia”," International Economics and Economic Policy, Springer, vol. 17(3), pages 687-704, July.

    More about this item

    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;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F18 - International Economics - - Trade - - - Trade and Environment
    • O - Economic Development, Innovation, Technological Change, and Growth
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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