Incomplete contracts and renegotiation in public procurement
Public procurement contracts worldwide often face high risks of cost overruns and project delays, raising questions about the scope for contract modifications. This column examines
Europe should innovate on defence, play it safe on debt
Strengthening existing safe assets should be a strategic priority for any new joint borrowing. Europe’s looming defence spending needs will put new demands on public
How to manage the economic trade-offs of public procurement policies in developing economies
Government procurement—the process in which public entities buy goods and services from private companies—represents between 5% and 20% of a country’s GDP, depending on the
