The Common Pool Dilemma of Global Public Goods: Lessons from the World Bank's Net Income and Reserves |
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| Institution: | 1. Institute of Diabetes Research, Helmholtz Zentrum München and Forschergruppe Diabetes, Klinikum rechts der Isar, Technische Universität München and Forschergruppe Diabetes e.V., Koelner Platz 1, Munich 80804, Germany;2. Health Informatics Institute, Department of Pediatrics, Morsani College of Medicine, University of South Florida, 3650 Spectrum Blvd, Tampa, FL 33612, USA;3. Department of Clinical Sciences, Lund University, CRC 60:11, Jan Waldenstroms gata 35, Malmö, SE-20502, Sweden;4. National Institute for Health and Welfare, Department of Public Health Solutions, Nutrition Unit, University of Tampere, Faculty of Social Sciences, Science Centre, Tampere University Hospital, Mannerheimintie 166, Helsinki 00300, Finland;5. Health Informatics Institute, Department of Pediatrics, Morsani College of Medicine, University of South Florida, 3650 Spectrum Blvd, Tampa, FL 33612, USA;6. National Institute for Health and Welfare, Department of Public Health Solutions, Nutrition Unit, Mannerheimintie 166, Helsinki 00300, Finland;7. Department of Epidemiology, University of Colorado Denver, Colorado School of Public Health, 13001 East 17th Place, Aurora, CO 80045, USA;8. National Institute for Health and Welfare, Department of Public Health Solutions, Nutrition Unit, University of Tampere, Faculty of Social Sciences, Science Centre, Tampere University Hospital, Center for Child Health Research, University of Tampere and Tampere University Hospital, Mannerheimintie 166, Helsinki, 00300, Finland;9. Health Informatics Institute, Department of Pediatrics, Morsani College of Medicine, University of South Florida, 3650 Spectrum Blvd, Tampa, FL 33612, USA;1. Laboratory for Molecular Cardiology, Department of Cardiology, Rigshospitalet, University of Copenhagen, Copenhagen, Denmark;2. Copenhagen General Practitioners'' Laboratory, Copenhagen, Denmark;3. Department of Health Science and Technology, Aalborg University, Aalborg, Denmark;4. Department of Clinical Medicine, Faculty of Health and Medical Sciences, University of Copenhagen, Copenhagen, Denmark;5. Department of Biostatistics, University of Copenhagen, Copenhagen, Denmark;6. Division of Cardiovascular Medicine, Department of Internal Medicine, University of Michigan, Ann Arbor, Michigan;7. Department of Human Genetics, University of Michigan, Ann Arbor, Michigan;2. Laboratory for Molecular Cardiology, The Heart Centre, Rigshospitalet, University of Copenhagen, Copenhagen, Denmark;3. Department of Health Science and Technology, Aalborg University, Aalborg, Denmark;4. Copenhagen General Practitioners’ Laboratory, Copenhagen, Denmark;5. Department of Clinical Medicine, Faculty of Health Sciences, University of Copenhagen, Copenhagen, Denmark;6. Division of Cardiovascular Medicine, Department of Internal Medicine, University of Michigan, Ann Arbor, Michigan;1. Department of Marketing and Supply Chain Management, Haslam College of Business, University of Tennessee, Knoxville, TN 37996, United States;2. Aston University, Engineering Systems and Management Group, Aston Triangle, Birmingham B47TE, United Kingdom |
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| Abstract: | The function of international organizations (IOs) as suppliers of international or global public goods (GPGs) has received increasing attention in recent years. But in a world with many claimants and limited resources, GPGs are more likely to have common pool properties than be pure public goods. The paper develops a joint-products model of public goods supply by international organizations, examining how specific institutional features of international organizations affect the supply of GPGs. The sources and distribution of the World Bank's net income—the single largest source of discretionary funds available annually to an IO—are used as the lens to analyze the issue. The paper examines the tension between control rights on net income (which reside primarily with nonborrowing shareholders) and the sources of net income, which largely lie with minority, borrowing shareholders. The analysis suggests that while the joint-product model of member-country support for international organizations has much merit, institutional features that were incorporated when these institutions were established sharply affect both the absolute magnitude and the distribution ratio of the benefit streams. |
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