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Governments typically build and maintain public infrastructure, which they fund through taxes. But in the past twenty-five years, many developing and advanced economies have introduced public-private partnerships (PPPs), which bundle finance, construction, and operation into a long-term contract with a private firm. In this book, the authors provide a summary of what they believe are the main lessons learned from the interplay of experience and the academic literature on PPPs, addressing such key issues as when governments should choose a PPP instead of a conventional provision, how PPPs should be implemented, and the appropriate governance structures for PPPs. The authors argue that the fiscal impact of PPPs is similar to that of conventional provisions and that they do not liberate public funds. The case for PPPs rests on efficiency gains and service improvements, which often prove elusive. Indeed, pervasive renegotiations, faulty fiscal accounting, and poor governance threaten the PPP model.
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The state of the Indian power sector today is an acknowledged constraint to the country's growth aspirations. This book examines the home-grown Indian experience with private sector participation in power, identifies emerging risks, and proposes specific actions for government consideration, so that the power sector may fulfill its important role in India's growth story. Seeking financing, efficiency, and project management skills from the private sector to complement public sector efforts, the state governments and the central government have invited private participation in power for the pas
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Over the last ten years public private partnerships have become ever more popular worldwide, expanding the body of experience among construction professionals, government agencies, and industry. In these economically challenging times, PPP has emerged as a crucial framework for providing infrastructure, and also to boost construction industry activity, while shielding the taxpayer from some of the cost. Understanding the lessons learnt is essential to ensuring the success of future projects, and this timely book will prepare the reader to do just that.Starting by defining PPP
Public-private sector cooperation. --- Public-private sector cooperation --- Construction projects --- Public works --- Finance. --- Engineering and construction projects --- Engineering-construction projects --- Projects, Construction --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Cooperation
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Public sector entrepreneurship refers to innovative public policy initiatives that generate greater economic prosperity by transforming a status quo economic environment into one that is more conducive to economic units engaging in creative and innovative activities in the face of uncertainty. This book traces the historical development of the concepts of private and public sector entrepreneurship and their connection to the separate notions of risk and uncertainty.
Public-private sector cooperation. --- Entrepreneurship --- Public administration --- Technology and state --- Technological innovations --- Government policy --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Cooperation --- Public-private sector cooperation --- E-books --- Innovations --- Politique scientifique et technique --- Administration publique (Science) --- Entrepreneuriat --- Partenariat public-privé --- Politique gouvernementale
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EU member states have seen high levels of unemployment in recent years especially amongst young people. At the same time the fiscal crisis of welfare states has made it difficult for them to invest in new jobs and new economic growth. The EU, at least since the enactment of the Amsterdam treaty, has had a focus on how to support member states development of an employment policy which aims for higher levels of participation, lower levels of unemployment and more gender equal approaches.Through exploring patterns in the recent development of financing and governance of social services and developments of social services and employment in the Czech Republic, Denmark, Germany and the UK, this volume provides readers with new knowledge and evidence of the options regarding social innovation in social services. Furthermore, it provides a comparative European perspective on how the interplay between a public and private mix of social service on the one hand might help in creating jobs, and, on the other, be a way of coping with the needs and expectations of higher level of services in the core areas of the welfare state.Contents:Introduction - Social services and the public sector - Employment in the health and social services: evidence and problems - Financing the welfare states - changes and challenges - Social innovation in social services - Factors shaping employment in social services - The role of the EU on welfare states: focus on social services - Governance, financing and employment in social services in the Czech Republic - Governance, financing and employment in social services in Denmark - Governance, financing and employment in social services in Germany - Governance, financing and employment in social services in the United Kingdom - Comparing the national cases - Conclusions
Social service --- Public-private sector cooperation --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Cooperation --- Europe --- Social policy. --- Sociaal werk --- Dienstverlening --- Financiering --- Overheidsbeleid --- Veranderingsproces --- Werkgelegenheid --- Privatisering --- Denemarken --- Duitsland --- Verenigd Koninkrijk --- Tsjechië --- Vergelijking --- Sociaal werk (beroep) --- Vergelijking (wiskunde) --- Overheidsbedrijf --- Politiek --- Vergelijking (onderscheid)
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Public-private sector cooperation. --- Strategic alliances (Business) --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Cooperation --- Alliances in business --- Business alliances, Strategic --- Corporate alliances --- Strategic business alliances --- Strategic corporate alliances --- Strategic partnerships (Business) --- Partnership --- Business networks --- Public-private sector cooperation --- E-books
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Jim Yong Kim, President of the World Bank Group, discusses how the World Bank is focused on a prosperity that is shared by everyone, and to lift the billion or so people living in extreme poverty out of that condition so that they can have those things that everybody in the world seems to want. He speaks about the inequality in the economic growth of the countries around the world. He highlights the health care and education sectors as essential to improving lives in developing countries. He points to the fact that the time is now to think about positive ways of moving in a direction to grow economies and at the same time, increase the participation of everyone. He talks about how the World Bank Group is working very hard now to reduce bureaucratic processes so that people in the countries feel a difference. He speaks about climate change and the challenges involved in tackling it. He concludes by saying that they're looking at every possible way of investing in people, of spurring innovation.
Access to Finance --- Capital --- Capital Flows --- Cash Transfers --- Children --- Corruption --- Debt --- Developing Countries --- Disasters --- Education --- Expenditures --- Finance --- Finance and Financial Sector Development --- Global Economy --- Health --- Health Systems Development & Reform --- Health, Nutrition and Population --- Hospitals --- Inequality --- Infrastructure --- Interest Rates --- Internet --- Knowledge --- Loans --- Long-Term Finance --- Natural Resources --- Political Economy --- Posters --- Poverty --- Public Finance --- Public Health --- Public-Private Partnerships --- Recession --- Risk --- Rural Development --- Weight
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Sovereign wealth funds represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource-exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. Traditionally, these funds have invested in external assets, especially securities traded in major markets. But the persistent infrastructure financing gap in developing countries has motivated some governments to encourage their sovereign wealth funds to invest domestically. This paper proposes some basic elements of a conceptual framework to create a system of checks and balances to help ensure that the sovereign wealth funds do not undermine macroeconomic management or become a vehicle for politically driven "investments." First, the risks and opportunities of domestic investment by sovereign wealth funds are analyzed. Central issues are the relationship of sovereign wealth fund financing to the budget process and to the procurement systems of sector ministries, as well as the establishment of appropriate benchmarks and safeguards to ensure the integrity of investment decisions. The paper argues that a well-governed sovereign wealth fund, with a sound mandate and professional management and staffing, can possibly improve the quality of the public investment program. But its mandate should not duplicate that of other government institutions with investment mandates, such as the budget, the national development bank, the investment authority, and state-owned enterprises. Establishing rules on the type of investment (for example, commercial and/or quasi-commercial) and its modalities (for example, no controlling stakes, leveraging private investment) is one way to ensure separation between the activities of the sovereign wealth fund and those of other institutions. The critical issue remains that of limiting the sovereign wealth fund's investment scope to that appropriate for a wealth fund. If investments that generate quasi-market returns are permitted, the size of the home bias should be clearly stipulated and these investments should be reported separately.
Access to Finance --- Capital Stock --- Debt Markets --- Domestic Investment --- Emerging Markets --- Finance and Financial Sector Development --- Fiscal Policy --- Infrastructure Investment --- Intergenerational Equity --- Investment & Investment Climate --- Macroeconomic Policy --- Macroeconomics and Economic Growth --- Non Bank Financial Institutions --- Private Sector Development --- Project Evaluation --- Public Finance --- Public Investment --- Public Private Partnerships --- Sovereign Wealth Fund --- SWF --- Wealth Management
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Jim Yong Kim, President of the World Bank Group, discusses how to boost Latin America's growth. The region needs to increase productivity, spur innovation, and adapt its productive structure to changing circumstances which must become a national priority for all countries, independent of their political cycles and ideologies. Improving logistics and infrastructure, education, and the contractual environment are critical to advance development in the region. World Bank Group is working with the Haitian Government and the private sector to introduce best practices in public-private partnerships and to create opportunities for the Haitian people who have been waiting so long for them. He concludes by saying that providing disadvantaged children access to a quality education raises their productive capacity and enhances social inclusion through higher employability leading to higher growth and improved quality of life.
Best Practices --- Cash Transfers --- Children --- Commodity Prices --- Competition --- Debt Markets --- Developing Countries --- Diversity --- Equity --- Finance --- Finance and Financial Sector Development --- Fiscal Policy --- Good Governance --- Gross Domestic Product --- Housing --- Income Tax --- Macroeconomics and Economic Growth --- Partnerships --- Poverty --- Poverty Reduction --- Public Sector Development --- Public Spending --- Public-Private Partnerships --- Quality of Life --- Race --- Social Inclusion --- Social Justice --- Taxes --- Trade
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Public-private sector cooperation --- Infrastructure (Economics) --- Strategic planning --- Goal setting (Strategic planning) --- Planning, Strategic --- Strategic intent (Strategic planning) --- Strategic management --- Planning --- Business planning --- Capital, Social (Economics) --- Economic infrastructure --- Social capital (Economics) --- Social infrastructure --- Social overhead capital --- Economic development --- Human settlements --- Public goods --- Public works --- Capital --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Cooperation --- E-books --- Infrastructure (economics) --- Business & economics
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