Global Public Goods the Sovereignty Responsibility Approach


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SELEN U.

Journal of Economics, Business Political Studies, vol.7, no.2, pp.193-213, 2020 (Refereed Journals of Other Institutions)

  • Publication Type: Article / Article
  • Volume: 7 Issue: 2
  • Publication Date: 2020
  • Title of Journal : Journal of Economics, Business Political Studies
  • Page Numbers: pp.193-213

Abstract

The problems with the production and financing of Global Public Goods weaken the thesis that nation-states have lost their sovereignty and that international governance structures are the determinant of the system in the globalization process. The increase in global public goods and its inability to be resolved with transnational systems further strengthens the reason why nation-states exist. Failure to solve problems related to Global Public Goods by international institutions increased the role and importance of the nation-state. The increasing role of the state in solving the production and financing problems of global public goods brings the concept of “sovereign responsibility”. Responsibility for sovereignty expresses the necessity of political sovereignty to behave sensitively towards the citizens of the countries inside and to the international community outside. In this framework, each sovereign state is responsible for planning global public goods supply and demand in its jurisdiction and producing it to meet the needs of all global elements. For global public goods, which is beyond the dominance of the state, the states, international and supranational structures that steer the world economy and politics should be engaged.