Financing Transport Projects
This is the first 1,000 characters of 887 words (3.55 pages) in the essay titled Financing Transport Projects
|Financing Transport Projects
<a href="http://www.geocities.com/vaksam/">Sam Vaknin's Psychology, Philosophy, Economics and Foreign Affairs Web Sites
The role of government in facilitating transport projects is inevitable. But governments are monopolists and largely cannot be trusted with the efficient allocation of resources, not to mention the problem of corruption. So, the less the state is involved the better off everyone is.
Transport has gone a full circle. Until the beginning of the 17th century it was largely privately financed. The state took over until the last two decades of the twentieth century. And now there is a revival of the involvement of the private sector in financing infrastructure. Additionally, transport has become a commodity and is securitized, as we shall see.
All social (or public) goods carry social costs and bring on negative externalities (such as environmental damage). Embedded in every public good there is a moral hazard - o...
To view the complete essay NOW:
You can view download the complete version of this essay for only $14.00. This is the final price of the essay - there is no extra hidden or fees and no price per page charges. Your purchase is 100% secure. Click on the Paypal icon below and you will have the essay instantaneously.