Public Investment and Public-Private Partnerships

Traditionally, governments have built, maintained, and rehabilitated the physical infrastructure--such as roads, ports and airports, and telecommunications and electricity networks--without which most economic activity would be impossible. In fact, investment spending, particularly on infrastructure...

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Bibliographic Details
Published in:Policy File 2007
Main Authors: Akitoby, Bernardin, Hemming, Richard, Schwartz, Gerd
Format: Report
Language:Spanish
Subjects:
Budgets/Expenditures
Economic policy
Energy
Government
International Monetary Fund
Telecommunications
Transportation
Online Access:Request full text
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Summary:Traditionally, governments have built, maintained, and rehabilitated the physical infrastructure--such as roads, ports and airports, and telecommunications and electricity networks--without which most economic activity would be impossible. In fact, investment spending, particularly on infrastructure, used to be one of government's main activities. Over the past three decades, however, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Both the causes and the consequences of this decline are far from clear.