Globalisation's impact on the Global Public Goods & Public Bad: An Economics view on the EBOLA outbreak

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June 5, 2015

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A trend called globalization, which started at the early onset of this century, has increased interdependency among
international nations. This interdependency has both negative as well as positive effects. An increased air travel
network has contributed significantly in global trade. Public goods such as Internet, Financial stability, commercial
integration or knowledge promotion has created a new category, which is known as International public goods.
Global interdependence has generated few negative effects as well. Increased international mobility has increased
the risk of contagion in case of deadly diseases. We have witnessed many International Public Bad, which is
symmetry to public goods, such as spread of H1N1, Influenza, in the past.