global externality
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2015 ◽  
Vol 2 (2) ◽  
pp. 278
Author(s):  
Gregory Victor Loewen

<p>Globalization has created an immense sense of objectivity in the world. We find the differences between cultures foreshortened, others more recognizable and less alien, other places more like our own, and transactions and contracts more and more adhering to the specifically acultural denomination of capital. But external spatiality and the actions within it are not the only places of generalization and alienation. The agora of public space has been internalized to the extent that we as subjects feel ourselves to be more confident of our objectivity in worldly relations. The paper questions the assumptions and analyses the structures that lay behind the link between a global externality and our sense that the world can be a wider home for our personhood and individuated beings.</p>


Policy Papers ◽  
2008 ◽  
Author(s):  

This paper reviews the fiscal implications of climate change, and the potential role of the Fund in addressing them. It stresses that: • The potential fiscal implications are immediate as well as lasting, and liable to affect—in differing forms and degree—all Fund members. • Climate change is a global externality problem, calling for some degree of international fiscal cooperation… • …and has features—an intertemporal mismatch between the (early) costs of action to address climate change and (later) benefits, pervasive uncertainties and irreversibilities (including risk of catastrophe), and sharp asymmetries in the effects on different countries—that raise difficult technical and ethical issues, and hinder policy coordination. • In addition to itself impacting the public finances, climate change calls for deploying fiscal instruments to mitigate its extent and adapt to its remaining effects.


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