By John G.Murdoch
Catalogue of the precious number of cash and medals.
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Much of the development assistance was essentially a transfer of resources. Did this pattern hold for public goods generally? Cooper replied that, if he understood the participant’s point, he entirely agreed. Much of international spending is not for public goods at all; instead, it represents income transfers of one kind or another. So one potential source of funding for public and quasi-public goods might be to shift some of those transfer payments toward the production of public goods.
Being able to effectively finance interventions—which in global public goods are necessarily long term in nature—can often make the difference between whether an intervention has positive impacts on development or is disastrous. One issue the Bank is wrestling with, for example, is whether in the forestry sector the Bank should stick with an absolute ban on logging in tropical moist forests or—recognizing how much the poor depend on forests for their livelihood—consider selective interventions that allow us to protect the forests but at the same time provide livelihoods for the poor.
S. S. universities under contract to use large, expensive computers more efficiently through time-sharing. The Defense Department didn’t want to buy as many computers as the universities were demanding, so it created the Internet partly as a substitute for buying more computers. The rapid development of computers weakened that rationale, but once the network and protocols were established, far from atrophying, the Internet exploded, largely through private initiatives. In general, goods with public attributes are provided when a single decisionmaker backed by adequate financing has a strong enough interest in providing them.