The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth-国家的公

作者：Dag Detter, Stefan Fölster

书名：The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth《国家的公共财富：公产左右经济》

中文简介：政府有数以万亿计的资产，从公司到森林，可常常管理不善。两个投资专家解释了在对独立控股公司进行政治干预中，如何运用栅栏原则提升效率，让专业管理人团队像私营企业主一样卖力气。

英文简介：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.