The public wealth of cities how to unlock hidden assets to boost growth and prosperity. The Public Wealth of Cities 2019-02-14

The public wealth of cities how to unlock hidden assets to boost growth and prosperity Rating: 4,2/10 485 reviews

New Zealand Shows the Way to Get More Infrastructure Money

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

The urban wealth fund : a conduit for maximizing value -- 6. Instead of neglecting those assets, as most governments do today, countries should be using them to generate value. Unlocking of poorly utilized real estate or monetizing its transportation and utility assets — smarter asset management, in other words — would yield a return that would enable it to more than. Fölster, Stefan and Nima Sanandaji 2014 , Renaissance for Reforms London and Stockholm: Institute of Economic Affairs and Timbro. With professional and politically independent management, a city could, it can reasonably be assumed, earn a 3pc yield on its commercial assets. It also forecasts how it expects the balance sheet to change over time, producing forecast financial statements for a number of years ahead. According to the International Monetary Fund, more than 45pc of low-income countries are either in or near debt distress.

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The public wealth of cities : how to unlock hidden assets to boost growth and prosperity (eBook, 2017) [getyouribextumbler.com]

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

In other words, the city has massive amounts of hidden wealth. Drawing on the successes and failures of cities around the world and applying exemplary analysis, Detter and F lster uncover a treasure trove of hidden urban assets. National and local governments own a potential goldmine of assets, mostly in the form of real estate and state- or municipal-owned companies, with a value almost 3 times larger than public debt. The Cuban sugar industry never recovered. Responsibility: Dag Detter, Stefan Folster. Poorly performing schools and inadequate social services.

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Unlocking the world’s public wealth

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

A focus on public wealth shifts attention and resources from short-term spending to longer-term investments that can vastly raise the quality of life for many generations of urban residents. A focus on public wealth shifts attention and resources from short-term spending to investments that can vastly raise the quality of life in the long run. Book; Illustrated English Open to the public 991013830995703131; Online: Not available for loan Book; Illustrated English. This book by two Swedish experts in public finance describes a new way of restoring economic vitality and financial stability to cities, using steps that already have proven remarkably successful in some cities. Public wealth of cities Washington, D. A crucial first step is gaining a proper understanding of the city's balance sheet--an understanding that that too many cities now lack. The investment trap -- 2.

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2 simple steps that can unlock the hidden wealth of cities

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

It doesn't have to be this way. Given such messy structures for political decisionmaking, decisions for long-term investments are easily sidelined as decisions are made to solve acute immediate problems or to satisfy powerful interests or groups of swing voters. The terms of this lending are so murky that only China has information about the volume, maturity, and cost of outstanding loans, which are issued on a bilateral basis, often for political or strategic reasons. This book by two Swedish experts in public finance describes a new way of restoring economic vitality and financial stability to cities, using steps that already have proven remarkably successful in some cities. However, like most cities, Boston reports its assets at book value, which is tied to the historic cost. Case, Anne, and Angus Deaton 2015.

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Public Wealth

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

Chicago has an independent metropolitan sewerage district, a parks district, and so on. The E-mail message field is required. Yet the city is within Cook County, which encompasses other municipalities and provides another layer of administration. The key is unlocking hidden social, human, and economic wealth in cities. This should be required reading for urban planners! Moreover, their values are often recorded at levels far below their true worth. Transparent, accountable, and professional governance of the economic, social, and human assets of our cities is achievable. Improving its management is one of the most important economic issues of our time.

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Public Wealth

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

Countries do not need to be at the mercy of major lenders like China. This is crucial for comparing all investment options, but also for determining whether performance has been satisfactory, and to show stakeholders that their wealth is being managed responsibly. With this in hand, taxpayers, politicians, and investors can better recognize the long-term consequences of political decisions and make choices that mobilize real returns rather than relying on more taxes, debt, or austerity. Among other things, this means that the New Zealand government produces a balance sheet that comprehensively reports assets and liabilities—what it owns, and what it owes. Of course, money matters, but not as much as our will to collaborate across sectors in order to govern public resources well and improve lives.

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The public wealth of cities : how to unlock hidden assets to boost growth and prosperity / Dag Detter, Stefan Folster.

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

They build economic, social, and human wealth. As the world's population grows, some cities will be forced to adapt while others will founder. But not all cities are successful. Managing the city's assets smartly through the authors' proposed Urban Wealth Funds--at arms-length from short-term political influence--will enable cities to ramp up much needed infrastructure investments. Unlike most other countries, New Zealand uses the same accounting standards as modern corporations.

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The public wealth of cities : how to unlock hidden assets to boost growth and prosperity (Book, 2017) [getyouribextumbler.com]

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

That is why we advocate a strategy in this book that is all about making the value of long-term investments more transparent and visible to the public. Dag Detter and Stefan Fölster shed much light on the subject. A must-read for all mayors, city counselors and those who elect them. This bo How to leverage existing resources to meet the current and future needs of cities Crumbling streets and bridges. Introducing modern accounting and unlocking public wealth would change the game in public finance—to the benefit of society as a whole.

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Public Wealth

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

A must-read for all mayors, city counsellors and those who elect them. The polarized debate between privatizers and nationalizers has missed the most important point — the quality of asset management. The turned the old harbor area and a military garrison into some of the most desirable parts of the city—all without using taxes. With this in hand, taxpayers, politicians, and investors can better recognize the long-term consequences of political decisions and make choices that mobilize real returns rather than rely on more taxes, debt, or austerity. These efforts have not only increased the amount of residential housing; they have also funded vital infrastructure such as the Copenhagen Metro, schools, and universities. A focus on public wealth shifts attention and resources from short-term spending to longer-term investments that can vastly raise the quality of life for many generations of urban residents. In fact, for many economies, professional management of public assets could generate more revenues annually than corporate taxes, drastically increasing the amount of funding available for infrastructure investment.

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The public wealth of cities : how to unlock hidden assets to boost growth and prosperity (Book, 2017) [getyouribextumbler.com]

the public wealth of cities how to unlock hidden assets to boost growth and prosperity

A crucial first step is gaining a proper understanding of the city's balance sheet--an understanding that that too many cities now lack. Instead, it has funded infrastructure investment by developing the real estate adjacent to railway stations. Transparent, accountable, and professional governance of the economic, social, and human assets of our cities is achievable. The potential gains are enormous. Boosting the value of human assets -- 9. How to leverage existing resources to meet the current and future needs of cities Crumbling streets and bridges. With a list of assets in hand, and a proper understanding of their market value, taxpayers, politicians, and investors can better assess the long-term consequences of political decisions.

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