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The Power of Public Investment Management: Transforming Resources Into Assets for Growth (Directions in Development)

Anand Rajaram, Kai Kaiser, Tuan Minh Le, Jay-Hyung Kim, Jonas Frank




[PDF.cm44] The Power of Public Investment Management: Transforming Resources Into Assets for Growth (Directions in Development)

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 | #2745278 in eBooks |  2014-10-17 |  2014-10-17 | File type: PDF

|| |This timely book addresses a dilemma that has vexed the development community for decades: infrastructure investment is essential for socioeconomic progress, but many investments are wasteful andsome even retarddevelopment. The practical framework proposed by

Public resources - if invested well in public infrastructure and services - can catalyze private and community efforts and unleash an inclusive growth and development process. But public investment attracts political interest, usually of the kind that undermines efficiency. Too often public projects are poorly designed, under-funded, long-delayed, or badly implemented, with little benefit to the population. This is a critical challenge for many countries, both rich and...

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