From Brussels to Durban: Debt and Climate Crises Spotlight Free Riders Europe's rapid response to the debt crisis may have overshadowed the long-planned negotiations on climate change in Durban, but the contrast throws light on the problem of global governance, explains economist Scott Barrett. Both crises demonstrate the limits of collective action in the face of known dangers. In Europe, poor fiscal discipline by any euro member threatened other countries, he explains, while on climate change, every country's emissions add to atmospheric concentrations, harmful to all, and yet each nation bears the cost of reduction alone. So, countries are tempted to become free riders, delaying their own response and collecting benefits without sharing the costs.... More News... Why Can't Europeans Get Along? Pankaj Ghemawat Fortune, 9 December 2011 The EU could look to the US for how to build cross-border connections and trust Chanting "Russia Without Putin," Flash Mobs Roil Moscow Fred Weir The Christian Science Monitor, 9 December 2011 The anger of Arab Spring and Occupy Wall Street spreads to Russia India Halts Wal-Mart Entry Amid Protests Bibhudatta Pradhan, Andrew MacAskil Bloomberg, 8 December 2011 Backtracking on big-box plan adds uncertainty for foreign investors Market-Economy Status for China Is Not Automatic Bernard O'Connor VOX, 8 December 2011 The 2016 deadline for China's market-economy status is an urban myth |
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