The Cefa Brief
ComentáriosConstataçõesPerspectivasExplicativos
Arquivo
Correspondem a esses filtros: 2 textos
Textos
- PerspectivaIndustrial Policy
Public purchasing is an industrial instrument, and none of these series counts it as one
A government's order book transfers demand risk in a way a grant cannot, which is the reason it would work as industrial policy. What complicates the case is that the spending which is counted rose steeply, plant construction going from 75 billion dollars in 2020 to 244 in 2024, and manufacturing output is still below its 2017 base.
- PerspectivaInfrastructure
An infrastructure delivery model allocates risk, capital and blame, and it reduces none of the three
A delivery model is a contract about where the risk, the capital and the accountability sit, and only two of those can be priced and sold. The ten-year yield moved 3.4 points in five years while the record of what was built stayed one undifferentiated line, so the comparison between models is one the public record cannot check.