Edited by Jack W. Meek
Chapter 18: Collaborative governance of SDGs: a welfare economics view
The governance of the Sustainable Development Goals (SDGs) is a complicated matter, as it contains at the same time multi-sectoral, multi-actor and multi-level elements, making it an example of collaborative governance (CG) ‘par excellence’. A considerable body of academic literature on CG and SDGs is available but lacks a benchmark to distinguish between governance levels. The use of welfare economics can remedy this shortcoming. CG of SDGs is about solving market failures and equity problems, which is the principal topic of welfare economics. By analyzing the market failures and equity problems useful insights can be gained for CG of SDGs. The paper shows the inadequacy of CG for the solving of equity issues. By relating the literature on global public goods to SDGs the paper shows that CG is a useful governance tool in this field. The overall contribution of economics to the debate would consist of offering benchmarks for answering the question which governance methods are best suited for which governance level.
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