Author : Dexter Whitfield
Publisher : Spokesman Books
ISBN 13 : 9780851247731
Total Pages : 0 pages
Book Rating : 4.2/5 (477 download)
Book Synopsis Global Auction of Public Assets by : Dexter Whitfield
Download or read book Global Auction of Public Assets written by Dexter Whitfield and published by Spokesman Books. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Public infrastructure provides basic human needs - homes, water, energy, transport, hospitals, schools, sports, cultural and justice facilities, communications networks and government buildings. It supports economic development, increases productivity, generates employment and improves community well-being. Yet public provision is under threat. Public Private Partnerships (PPPs) and the global infrastructure market, financed by investment and pension funds, are fuelling a new era of public asset sales, which are traded like commodities. This first critical global analysis of PPPs examines projects in the UK, France, Ireland, Germany US, Canada, Russia, Australia, China, India, Brazil and South Africa. Over US$500bn of PPP projects have failed, most have little or no democratic control and lack innovation. Ultimately, they are entirely publicly financed by government and/or user charges. Global Auction of Public Assets proposes a new strategy for public investment. It sets out new priorities, radical changes in global financial markets, abandonment of PPPs and neo-liberal ideology, new controls on existing PPPs and public management renewal. It calls for alliance building and joint community/trade union intervention to develop a new, authentic vision for future public infrastructure"--Jacket.
