Canada's Budget Triumph
David R. Henderson

The author explains how reductions in government spending and other changes in fiscal policy brought the Canadian federal government back from a ratings down-grade and a dangerously indebted condition between 1994 and 2008.

Re-imagining Infrastructure*
Mark Gerencser

The U.S. requires a dramatic rethinking of approaches to much-needed infrastructure investment which the author estimates at $2.2 trillion over the next five years.

Privatizing Waterworks: Learning from the French Experience*
Steve H. Hanke and Stephen J.K. Walters

Despite its dirigiste reputation, France has enjoyed the success of many privately-owned water utilities. The U.S. and other countries should study this part of the French experience to learn how to manage "natural monopolies" as private enterprises.

Reflections on Private Water Supply
Steve H. Hanke and Stephen J.K. Walters

The odds are good that privatization of water supply will deliver significant public benefits in both developed and developing countries but success requires careful attention to agency problems and contracting.

A Fresh look at U.S. Water and Wastewater Infrastructure: The Commercial and Environmentally Sustainable Path forward
David Haarmeyer

There is great potential for private capital in the U.S. water utilities, where factors for success include proper market pricing of water and consolidation strategies to achieve efficiencies in a highly fragmented industry.

The Upside to Fiscal Challenges: Innovative Partnerships Between Public and Private Sector
Martha Amram and Tabitha Crawford

The authors describe how a variety of public-private partnerships (P3s) have succeeded in the U.S. and U.K. Many different kinds of partners, ranging from the University of California to the U.S. military, have benefited from these arrangements.

Infrastructure Public-Private Partnerships: "Partnerships" Come to Fruition
J. Perry Offutt, James Runde and Stacie D. Selinger

Three authors from Morgan Stanley provide three specific cases showing how well-crafted P3s can deliver better public services at lower cost while still generating satisfactory returns for private investors.

The Role of Finance and Private Investment in Developing Sustainable Cities
John Macomber

A Harvard professor with extensive practical international experience in urban development offers a framework for coping with the challenges created by growing urbanization and shortages of "public goods" and government funding.

Energy Infrastructure Investment and the Rise of the Uncorporation
Larry E. Ribstein

The author describes the evolution of non-corporate business forms, particularly limited liability companies and limited partnerships, from a legal perspective. Under some circumstances these alternative legal entities have proved superior to C-corporations.

Why Financial Institutions Matter? The Case of Energy Infrastructure MLPs
Conrad S. Ciccotello

The author explains how and why Master Limited Partnerships and Limited liability companies have played a major role in the operational and financial success of the U.S. energy "midstream"-the gathering systems, pipelines, and storage facilities.

The Future of U.S. Infrastructure: Proposals for Progress
Sadek Wahba

The head of Morgan Stanley's Infrastructure group outlines the steps, including an Infrastructure Clearinghouse and a National Infrastructure Commission, needed to manage an impending infrastructure crisis in the U.S.

Environmental Finance: Innovating to Save the Planet*
Franklin Allen and Glenn Yago

The "tragedy of the commons" explains much about why environmental challenges are so difficult to address. The authors show how the extension of private property rights and markets can be used to meet such challenges.