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The Resource The public wealth of nations : how management of public assets can boost or bust economic growth, Dag Detter and Stefan Fölster

The public wealth of nations : how management of public assets can boost or bust economic growth, Dag Detter and Stefan Fölster

Label
The public wealth of nations : how management of public assets can boost or bust economic growth
Title
The public wealth of nations
Title remainder
how management of public assets can boost or bust economic growth
Statement of responsibility
Dag Detter and Stefan Fölster
Creator
Contributor
Author
Subject
Language
eng
Summary
"When you look around the world it's almost as if Thatcher/Reagan economic revolution never happened. The largest pool of wealth in the world - a global total that is twice the world's total pension savings, and ten times the total of all the sovereign wealth funds on the planet - is still comprised of commercial assets that are held in public ownership. And yet, while this is the largest pool of assets in the world, is also one of the murkiest - what goes on inside them is often not even properly known by the governments who own them. In most countries this vast portfolio is both a fiscal and political burden on society. If professionally managed it could generate an annual yield of 2.7 trillion dollars, more than current global spending on infrastructure: transport, power, water and communications. While traditional state control of assets has often proved inefficient, privatization is not always a panacea, as it offers opportunities for quick enrichment, crony capitalism, outright corruption, or dysfunctional regulation. To privatise or nationalise is simply the wrong argument. What matters is whether those assets are managed effectively - in a way that can generate a return that can fund the much needed investments in infrastructure that will boost overall economic growth. Based on both economic research and hands-on experience from many countries, the authors argue that publicly owned commercial assets need to be taken out of the direct and distorting control of politicians and placed under professional management in a 'National Wealth Fund'. Such a move would trigger much needed structural reforms in national economies, thus resurrect strained government finances, bolster ailing economic growth and improve the fabric of democratic institutions."--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1959-
http://library.link/vocab/creatorName
Detter, Dag
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Fölster, Stefan
http://library.link/vocab/subjectName
  • Finance, Public
  • Strategic planning
  • Economic development
Label
The public wealth of nations : how management of public assets can boost or bust economic growth, Dag Detter and Stefan Fölster
Instantiates
Publication
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
1. What can public wealth do for you? -- 2. Don't rock the boat and the hand that feeds you - the cost of poor management -- 3. How state run business can ruin the economy and politics -- 4. The size and potential of public wealth -- 5. Attempts to reform management of public wealth -- 6. Active owner or Privatise - Swedish and Asian pioneers vs Thatcher -- 7. Monetising yields value, and improves democracy as well -- 8. The anatomy of National Wealth Funds -- 9. Strategies for creating value -- 10. We all want to build roads now - but can we afford it? -- 11. How politicians can become consumer advocates instead of quasi-capitalists
Control code
FIEb17782600
Dimensions
23 cm.
Extent
xiv, 230 pages
Isbn
9781137519849
Media category
unmediated
Media MARC source
rdamedia.
System control number
  • 18547914
  • (OCoLC)903510169
Label
The public wealth of nations : how management of public assets can boost or bust economic growth, Dag Detter and Stefan Fölster
Publication
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
1. What can public wealth do for you? -- 2. Don't rock the boat and the hand that feeds you - the cost of poor management -- 3. How state run business can ruin the economy and politics -- 4. The size and potential of public wealth -- 5. Attempts to reform management of public wealth -- 6. Active owner or Privatise - Swedish and Asian pioneers vs Thatcher -- 7. Monetising yields value, and improves democracy as well -- 8. The anatomy of National Wealth Funds -- 9. Strategies for creating value -- 10. We all want to build roads now - but can we afford it? -- 11. How politicians can become consumer advocates instead of quasi-capitalists
Control code
FIEb17782600
Dimensions
23 cm.
Extent
xiv, 230 pages
Isbn
9781137519849
Media category
unmediated
Media MARC source
rdamedia.
System control number
  • 18547914
  • (OCoLC)903510169

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