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The Whole Elephant
  • Language: en
  • Pages: 24

The Whole Elephant

Although the budget deficit is much discussed in political debate and economic research, there is no agreement on how it should be measured. There are at least four options, which can be called the cash deficit, the financial deficit, the full-accrual deficit, and the comprehensive deficit. Each is informative, but each has problems of relevance or reliability. Some are more vulnerable to manipulation involving assets and liabilities that are unrecognized in the underlying accounting, others to manipulation involving the mismeasurement of recognized assets and liabilities. Governments should publish all four in a form that reveals their interrelationships.

The Limits of Stabilization
  • Language: en
  • Pages: 232

The Limits of Stabilization

Over the 1980s and 1990s, most Latin American countries witnessed a retrenchment of the public sector away from infrastructure provision and an opening up of infrastructure activities to the private sector. This book analyzes the consequences of these policy changes from two perspectives. First, it reviews in a comparative framework the major trends in infrastructure provision in Latin America over the last two decades. Second, it evaluates the implication of these trends for economic growth and public deficits in the region. The book shows that in most countries private participation did not fully offset the public sector retreat. The result was a slowdown in infrastructure accumulation, which entailed a significant growth cost and weakened the intended impact of the infrastructure spending cuts on public sector insolvency.

Shining a Light on the Mysteries of State
  • Language: en
  • Pages: 43

Shining a Light on the Mysteries of State

The extent of fiscal transparency in Western Europe has varied over the centuries. Although ancient Greek, Roman, and medieval governments were sometimes open about their finances, the absolute monarchies of the 1600s and 1700s shrouded them in mystery. Factors that have encouraged transparency include (i) the sharing of political power and rulers’ need to persuade creditors to lend and taxpayers’ representatives to approve new taxes; (ii) the spread of technological innovations that reduce the costs of storing and transmitting information; and (iii) the acceptance of political theories that emphasize accountable government and public discussion of government policy.

Run with the Bulls without Getting Trampled
  • Language: en
  • Pages: 222

Run with the Bulls without Getting Trampled

A veteran corporate psychologist examines the seven critical factors for a successful and satisfying work life—and the six most common career derailers. In Run With the Bulls Without Getting Trampled, Tim Irwin presents the distilled essence of what makes some succeed and others derail in the workplace. Using compelling real-life stories to launch each chapter, not only is Irwin transparent with the lessons he has learned from his own experiences, but he also shares the invaluable insights and principles he has gathered from thousands of interviews with senior executives. Featuring Irwin’s seven critical success factors as well as six common career derailers, this hard-hitting but entertaining book is your guide to finding lasting fulfillment in your career. After all, you are investing so much into your job. Shouldn’t it also be investing in you?

Once a Vol, Always a Vol!
  • Language: en
  • Pages: 194

Once a Vol, Always a Vol!

We can't speak for other schools, but at the University of Tennessee, they never want to turn loose of their sports heroes. After bidding their seniors farewell in their final game at Neyland Stadium, Vol fans begin charting the career paths of the school's athletes. When safety Charles Davis is featured on national television providing commentary for a West Coast football game, they will tune in. Or if towering offensive lineman Tim Irwin becomes the judge at Knoxville's Juvenile Court, they rejoice in their community's good fortune. It's safe to say UT fans have trouble letting go.On these pages are collected the stories of 25 former Tennessee football players. They were not chosen for the...

The Road to Renewal
  • Language: en
  • Pages: 205

The Road to Renewal

"In The Road to Renewal: Private Investment in U.S. Transportation Infrastructure, R. Richard Geddes surveys the current state of the American transportation system and finds that, like the roads themselves, the existing policy approach is in desperate need of repair. Drawing on the basic economic principles behind supply, demand, competition, and incentives, Geddes argues that a shift toward increased use of public-private partnerships (PPPs)--contractual agreements between public agencies and private parties that allow private participation in the design, construction, operation, and delivery of transportation facilities--could significantly improve the quality of America's transportation ...

Highways to Heaven
  • Language: en
  • Pages: 41

Highways to Heaven

Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and highlights key areas in which infrastructure networks can be enhanced. The public and private sectors play complementary roles in improving the infrastructure network. Therefore, it is critical to strengthen public investment management processes as well as the regulatory framework, including to ensure an appropriate mix of financing and funding for projects and to address environmental concerns.

Surface Warfare
  • Language: en
  • Pages: 846

Surface Warfare

  • Type: Book
  • -
  • Published: 1980
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  • Publisher: Unknown

None

Private Sector Participation in Light Rail-Light Metro Transit Initiatives
  • Language: en
  • Pages: 325

Private Sector Participation in Light Rail-Light Metro Transit Initiatives

This book aims to help governments and public authorities to establish effective light rail-light metro transit (LRMT) systems, and focuses on use of Public Private Participation (PPP) arrangements. Rather than identify a single approach, we present options and discuss practical issues related to preparing and implementing new LRMT PPP schemes. The approach is focused on providing information that can be used to make informed decisions, adapted to local policy and objectives. The material presented is intended as a practical guide to developing LRMT PPPs in both developed and developing countries. This work endeavors to provide answers to readers questions regarding how to successfully incor...

Namibia
  • Language: en
  • Pages: 78

Namibia

This Technical Assistance report discusses measures proposed to assess and manage fiscal risks from state-owned entities and public-private partnerships in Namibia. Fiscal risks from public entities (PEs) materialize when funding requirements are higher than expected or revenues shortfalls occur. The government’s strategy for managing PE related fiscal risks should be informed by the likelihood of PE experiencing difficulties and, in such an event, the magnitude of the potential impact on the government. A two-step methodology was proposed for assessing the likelihood of fiscal risks materializing from PE. The authorities are also considering legislative amendments to strengthen the institutional arrangements for supervising PE.