Governments Can Boost Public Infrastructure by Outsourcing to Private Sector
The article discusses how governments can make smart decisions when building infrastructure, like roads and buildings. Economic theories can help governments choose the best ways to get these projects done efficiently. The theories suggest that hiring private companies, under specific contracts, can be a good idea. The ownership of the infrastructure should match who's responsible for it. Public and private ownership each have advantages. When tasks like building and running infrastructure are combined, it can work better for everyone. Overall, the research recommends that integrating different tasks into the same ownership, whether public or private, can create benefits for the community.