Weathering the financial crisis

Public–private partnerships and the government response

Authored by: Philippe Burger , Justin Tyson , Izabela Karpowicz , Maria Coelho

The Routledge Companion to Public–Private Partnerships

Print publication date:  February  2013
Online publication date:  March  2013

Print ISBN: 9780415781992
eBook ISBN: 9780203079942
Adobe ISBN: 9781136163302


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The recent global economic and financial crisis has generated challenges at all levels of economic policy decisions. Governments in advanced countries and emerging markets faced an urgent need to act concurrently on different fronts: systemically or politically sensitive economic sectors were bailed out; the general downfall in economic activity was counteracted; and vulnerable groups were protected from declining incomes. These costly actions were taken in a context of falling government revenues and shrinking domestic and foreign financing, with medium-to long-term consequences for budgets and debt.

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