Global public goods and its financing

Unknown two decades ago, the concept of global public goods has become a central theme of discussion amongst researchers and in institutions and negotiating fora governing development, international trade and the management of global risks. Between 1999 and 2010, numerous scientific papers on the subject were published, and several international institutions began to make substantial contributions to the debate.Economists have traditionally defined public goods as those goods whose inherent characteristics in terms of non-exclusion and non-rivalry make their production by the private sector improbable. Market failure therefore justifies state intervention to supply and preserve such goods. Thus the questions faced by public decision-makers are: what public goods should the state produce? In what quantities? And what financing mechanisms should be established by the state?Consideration of global public goods built upon such questions. Thus global public goods came to be understood as those goods?or bads?with non-rivalrous and non-exclusive features not only with regard to individuals but also between different populations and countries.This study is an attempt to bridge the two by examining academic discussions on global public goods in the context of actual and ongoing policy processes. Also this study consist of four main sections.The first section underlines, the main concepts associated with the public goods.The second section underlines, the concept of global public goods and discusses some problems genarally associated with their defining, classification and supply.The third section analyzes the global poverty as a global public good.The last section tries to find financial solutions for provision of global public goods.