Global Lists?

Global Lists?

I'm interested to know if I can create one application that contains nothing but picklist data which I could reference from all other applications. For example, a list of countries and states. This data could be used across multiple applications but I only want to maintain the data from ONE application.

Picklist Application Forms:
  • countries
  • states
  • tax rates
Application "A" Forms:
  • Mailing List (name, address, city, state, zip, country)
    • References states and countries from "Picklist" application
Application "B" Forms:
  • Mailing List (name, address, city, state, zip, country)
    • References states and countries from "Picklist" application
Is this possible?