The Obama administration aims to lay a sound foundation for growth by investing
in high-speed rail, clean energy, information technology, drinking water, and other vital
infrastructures.
The idea is to partner with the private sector to produce these public
goods. An Obama government bank will direct these investments, making project decisions
based on the merits of each project, not on politics.
This approach has been a cornerstone of US foreign policy for several decades.
In fact, our government-led reinvestment in America is modeled explicitly on international
public banks and partnerships. However, although this foreign commercial policy is
well-established with many successes, it has also been deservedly controversial and
divisive. This book describes the international experience, drawing lessons on how the
Obama Bank can forge partnerships to promote a durable twenty-first-century New Deal.
Table of Contents
1. Introduction
2. The Janesville plan
3. A bank of our own
4. Leverage
5. Free market statism
6. A new foundation
7. P3s and foreign affairs
8. Companies as policy organs
9. Transparency
10. Contracts
11. Emancipation
12. Renegotiations
13. Recommendations.
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