Obama's Bank: Financing a Durable New Deal

Obama's Bank: Financing a Durable New Deal

by Michael Likosky
Pub. Date:
Cambridge University Press


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Obama's Bank: Financing a Durable New Deal

The Obama administration aims to lay a sound foundation for growth by investing in high-speed rail, clean energy, information technology, drinking water, and other vital infrastructures. The idea is to partner with the private sector to produce these public goods. An Obama government bank will direct these investments, making project decisions based on the merits of each project, not on politics. This approach has been a cornerstone of U.S. foreign policy for several decades. In fact, our government-led reinvestment in America is modeled explicitly on international public banks and partnerships. However, although this foreign commercial policy is well-established with many successes, it has also been deservedly controversial and divisive. This book describes the international experience, drawing lessons on how the Obama Bank can forge partnerships to promote a durable twenty-first-century New Deal.

Product Details

ISBN-13: 9780521147118
Publisher: Cambridge University Press
Publication date: 08/31/2010
Edition description: New Edition
Pages: 392
Product dimensions: 6.00(w) x 8.90(h) x 0.80(d)

About the Author

Michael Likosky is a Fellow at NYU's Institute for Public Knowledge and the Center for State Innovation. He is an expert to the United Nations Conference on Trade and Development, a member the OECD's Working Group on Infrastructure and Extractives in Africa, and also a member of the American Society of Civil Engineers Task Force on Sustainable Development. Likosky has a doctorate from the Law Faculty of Oxford University and has been a tenured law professor at the School of Oriental and African Studies, University of London. He has also been Global Crystal Eastman Research Fellow at NYU and Markle Foundation Fellow at Oxford University and held visiting posts at University of Wisconsin Law School, Fordham Law School, and University of Bonn. Likosky has published four books: Law, Infrastructure, and Human Rights; The Silicon Empire; Privatizing Development; and Transnational Legal Processes. He has twice contributed to the Oxford Amnesty Lectures and has advised the United Nations, the Ford Foundation, the New Reflection on Governance, NGOs, and major TV broadcasters.

Table of Contents

1. Introduction; 2. The Janesville plan; 3. A bank of our own; 4. Leverage; 5. Free market statism; 6. A new foundation; 7. P3s and foreign affairs; 8. Companies as policy organs; 9. Transparency; 10. Contracts; 11. Emancipation; 12. Renegotiations; 13. Recommendations.

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