000			01603nam a2200205Ia 4500
999			_c178079 _d178079
005			20220531194520.0
008			200208s9999 xx 000 0 und d
020			_a9781137519849
082			_a336 DET
100			_aDetter, Dag
245		0	_aPublic wealth of nations: how management of public assets can boost or bust economic growth
260			_aNew York
260			_bPalgrave McMillan
260			_c2015
300			_a230 p.
520			_aWhy does this matter? Because despite the Thatcher/ Reagan economic revolution, the largest pool of wealth in the world – a global total that is much larger than the world’s total pensions 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. If professionally managed, they could generate an annual yield of 2.7 trillion dollars, more than current global spending on infrastructure: transport, power, water, and communications. 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’ or its local government equivalent. 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.
650			_aStrategic planning
700			_aFolster, Stefan
942			_cB _2ddc