Answer to Question #229307 in Macroeconomics for Teedow

Question

Countries from the North are mainly responsible for damaging the ozone layer through mass production and consumption.Briefly explain the failures of the international measures in addressing environmental problems?

Answer 1

Global environmental issues like biodiversity and global warming spill over the borders of a nation and needs to be addressed through international agreement.

Biodiversity refers to the spectrum of animal and plant genetic material.

International externalities are externalities that cross national borders and that cannot be resolved by a single nation acting alone