Answer to Question #230465 in Macroeconomics for Nicky

Question

Briefly explain failures of 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