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The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth

Name: The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth
Price: 29.99 USD
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Rating: 3.9 (22 reviews)

3.9 of 5 Stars: Education & Reference - The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth

$29.99

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Book Synopsis: We have spent the last three decades engaged in a pointless and irrelevant debate about the relative merits of privatization or nationalization. We have been arguing about the wrong thing while sitting on a goldmine of assets. Don't worry about who owns those assets, worry about whether they are managed effectively.

Why 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.

This radical, reforming book was named one of the “Books of the Year” by both the FT and The Economist.

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Are you tired of the never-ending debate between privatization and nationalization? We have been focusing on the wrong thing all along. The real issue lies in how effectively our public assets are managed. Introducing "The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth," a groundbreaking book that unveils the true potential of globally held commercial assets.

Did you know that the largest pool of wealth in the world is composed of public assets? These assets, if professionally managed, could generate a staggering annual yield of 2.7 trillion dollars. That's more than the current spending on crucial infrastructure such as transport, power, water, and communications. It's time to shift our focus from ownership to efficient management.

Based on extensive economic research and real-world experiences from various countries, "The Public Wealth of Nations" makes a compelling argument for the creation of a 'National Wealth Fund' or similar entity to oversee the management of publicly owned commercial assets. By removing direct political control, we can trigger vital structural reforms within economies, revive struggling government finances, stimulate economic growth, and strengthen democratic institutions. This is not just a mere theory; it is a practical solution supported by the esteemed FT and The Economist as one of the "Books of the Year."

Ready to unlock the untapped potential of public assets? Discover the power of professional management in "The Public Wealth of Nations." Take action now and elevate your understanding of the economic landscape by delving into this transformative book. Embrace the future of financial management today by getting your copy here!

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