"This book is a landmark-it provides the important beginnings of a field that will be tilled for years to come."

JOSEPH E. STIGLITZ
Nobel Laureate in Economics (2001), Columbia University - from the Prologue to the book

"This is a bold and penetrating compilation of papers on the most profound challenges of modern public finance--how to construct better partnerships between governments and private sector players and how to strengthen cooperation between nations in pursuit of common interests."

TREVOR A. MANUEL
MP; Minister of Finance, Republic of South Africa

"The New Public Finance shows how we can equip people and countries for the future--for a new global economy that combines greater prosperity and fairness both within and across nations. The New Public Finance is important reading for today's policymakers."

RT HON GORDON BROWN
MP; Chancellor of the Exchequer, United Kingdom

"As the global economy widens its reach, the principles and instruments of public finance face new problems and tasks. This volume takes an imaginative and down-to-earth look at the problems and the policy instruments needed to resolve them. It is a volume not to be missed."

RICHARD A. MUSGRAVE
Harvard University

"The New Public Finance is a real eye-opener. It is a must for everyone with an interest in international developments in economics, law, business, and intergovernmental relations."

SIJBREN CNOSSEN
University of Maastricht

"The problems facing policymakers in a globalized world require international cooperation. But efficient policy design also demands a reconsideration of the respective tasks of the public and private sectors. This is especially so for the need to create incentives for private agents to promote social goals. For those who are looking for a survey of current thinking in this field, The New Public Finance is an excellent reference."

AGNAR SANDMO
Norwegian School of Economics and Business Administration

"This book shows luminously how public finance is responding to the challenges caused by increasing global integration."

HANS-WERNER SINN
Ifo Institute for Economic Research

"This book presents the reader with a fascinating option. It shows that through the development of financial markets and financial product innovation, achieving what the world wants to accomplish in terms of human betterment nationally and internationally is not beyond our means."

FRANK J. FABOZZI
Yale School of Management

"This book is a welcome and important addition to the review of what we know and do not know about public finance in this new era of globalization. Looking at it through the eyes of a former finance minister, I see it as required reading for both scholars and policymakers."

EDUARDO ANINAT
Ambassador of Chile to Mexico, former Minister of Finance of Chile (1994-99)

"An essential contribution to shaping public-private partnering and the kind of international cooperation needed to achieve truly prosperous, equitable, and sustainable development. This book is bound to make a significant difference in the way we build our future."

MAURICIO ESCANERO
Facilitator of the UN International Conference for Financing for Development (1999-2002); Consul General of Mexico in Shanghai

"The challenges and opportunities of globalization call for creative new approaches--and for new financing models to fund them.While there's no textbook on how to do this yet, The New Public Finance brings together some of today's most insightful thinkers to engage the issue and add considerably to our understanding."

TIMOTHY E. WIRTH
President, United Nations Foundation

"This volume presents recent thinking on policy actions, instruments, and financing technologies that are developing in response to the challenges posed by the intended and unintended openness of borders. It is a timely, well conceived, and very necessary book."

RAJENDRA K. PACHAURI
Director-General, The Energy and Resources Institute (TERI)

"In a world of increasing globalization, the creation, financing, and delivery of global public goods are critical priorities. Existing mechanisms directed at nation states and companies have not been sufficient; innovative models of public-private partnerships are required. Global leaders should examine the analysis and insights contained in The New Public Finance and reflect on how to put them into action."

SETH F. BERKLEY
President and Chief Executive Officer, International AIDS Vaccine Initiative (IAVI)

"This book offers practical and highly relevant suggestions for adapting public finance to the conditions of globalization. Policymakers, researchers, and business actors alike stand to gain extraordinary insight from its analyses."

MICHAEL J. INACKER
Vice-President, External Affairs and Public Policy, DaimlerChrysler AG