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The Rise and Fall of Public-Private Partnerships
This book explores how the private sector has long been expected to mobilize finance into much needed infrastructure investment in developing countries. This insightful book is a detailed exploration of the World Bank's initial promotion of public-private partnerships (PPPs) as a solution, and evaluates their insufficient performance over the past decades. James Leigland expertly delves into the past 30 years of PPP advocacy to argue that blind faith in PPPs has led to a failure to deal with the main obstacles to infrastructure investment in the developing world. Investigating the successes and inadequacies of PPPs over the years, Leigland demonstrates that over-reliance on, and unreserved p...
Public-Private Partnerships in Sub-Saharan Africa
Public-private partnerships have been widely promoted in the international development community as solutions to severe infrastructure problems in low-income countries since the 1990s. This book summarizes the growing body of evidence on the actual performance of PPPs and develops a more realistic perspective on their practical value.
Until Debt Do Us Part
With decentralization and urbanization, the debts of state and local governments and of quasi-public agencies have grown in importance. Rapid urbanization in developing countries requires large-scale infrastructure financing to help absorb influxes of rural populations. Borrowing enables state and local governments to capture the benefits of major capital investments immediately and to finance infrastructure more equitably across multiple generations of service users. With debt comes the risk of insolvency. Subnational debt crises have reoccurred in both developed and developing countries. Restructuring debt and ensuring its sustainability confront moral hazard and fiscal incentives in a mul...
The Two New Yorks
Over the past eight years, a marked shift in the national political mood has substantially reduced the federal government's involvement in ameliorating urban problems and enhanced the prominence of state and local governments in the domestic policy arena. Many states and big cities have been forced to reassess their traditionally vexed relationships. Nowhere has this drama been played out more stormily than in New York. In The Two New Yorks, experts from government, the academy, and the non-profit sector examine aspects of an interaction that has a major impact on the performance of state and city institutions. The analyses presented here explore current state-city strategies for handling su...
Long-range Public Investment
Long-Range Public Investment: The Forgotten Legacy of the New Deal is augmented by fifty-eight photographs.
The Present State of Consumer Theory
The neoclassical theory of choice is an integral part of a large and growing literature. Its elegance, simplicity and apparent generality appear, increasingly, to influence the thinking of psychologists, sociologists, and political scientists.
OECD Studies on Water Private Sector Participation in Water Infrastructure OECD Checklist for Public Action
Provides a coherent catalogue of policy directions, including appropriate allocation of roles, risks and responsibilities, framework conditions and contractual arrangements necessary to make the best of private sector participation in water infrastructure.
The Power Brokers
How the interplay between government regulation and the private sector has shaped the electric industry, from its nineteenth-century origins to twenty-first-century market restructuring. For more than a century, the interplay between private, investor-owned electric utilities and government regulators has shaped the electric power industry in the United States. Provision of an essential service to largely dependent consumers invited government oversight and ever more sophisticated market intervention. The industry has sought to manage, co-opt, and profit from government regulation. In The Power Brokers, Jeremiah Lambert maps this complex interaction from the late nineteenth century to the pr...
New York State Today
Here it is the latest on New York State politics, government, and public policies. Its contributors include many well-known and active figures in government. The text covers the history and background of Empire State politics, the state constitution, the political geography of the state, and how the New York electorate and its branches of government are operating in the Age of Mario Cuomo. New York State Today will interest all New Yorkers who wish to gain a better understanding of the causes and consequences of the political events affecting their lives.
Innovations in Guarantees for Development
Bilateral and multilateral development agencies use guarantees in order to reduce investors’ exposure to risks and to attract private capital to developing countries. A guarantee is a legally-binding agreement under which the guarantor agrees to pay part or all of the amount due on a loan, or other financial instrument, in the event of non-payment. Across the developing world, there are places where having access to the right guarantee product will enable investments that would otherwise have been blocked—where the returns are there, but the risks involved simply exceed market tolerances, or where regulations limit investors’ ability to bear risk. These opportunities are waiting to be ...
