Abstract

http://ssrn.com/abstract=786805
 
 

References (53)



 
 

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A Framework for Analyzing Network Governance of Public Assets


Shann Turnbull


International Institute for Self-Governance; Sustainable Money Working Group

August 16, 2005


Abstract:     
This paper provides a framework for evaluating the strengths and weaknesses of public assets owned by: (i) The State, (ii) A State owned corporatized body, (iii) Private investors or (iv) By a network of constituents. A basis is presented for analysing these four governance architectures based on their (i) Accountability, (ii) Quality of service, (iii) Operating costs, (iv) Funding (v) Cost of finance, and (vi) Political outcomes. Network governance augments and/or replaces the centralized communication and control of the other three alternatives with distributed: communications, intelligence, decision making, and control to prodigiously reduce information overload and bounded rationality that can facilitate more dynamic, efficient and effective operations. At the same time, network governance can improve the volume and integrity of information and control for detecting and correcting errors to improve economy, efficiency and effectiveness while enhancing self-regulation to minimize the dead weight cost of regulation and compliance.

Other attractions of governance by a network of private sector constituents arises from: (i) No increase in government debt; (ii) Replacing Ministerial accountability with accountability by constituents to constituents; (iii) Enriching democracy by direct citizen participation; (iv) Changing the role of government from direct intervention to establishing the rules of the game for self-governance; (v) Increasing economy, efficiency and effectiveness by replacing private sector competition for control through markets and regulation with internal organizational competition for control among constituents with competing interests; (vi) Avoiding autocratic or plutocratic control of public assets by investors that undermines democracy and creates resentment. In these ways, network governance can reduce cynicism of politicians and government that can generate social alienation and disengagement.

Number of Pages in PDF File: 19

Keywords: Accountability, constituents, democracy, network governance, privatisation, public private partnerships, stakeholders

JEL Classification: D02,D20,D60,D70,G30,H10,L20,L30,G34,M41,M48

working papers series


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Date posted: August 26, 2005  

Suggested Citation

Turnbull, Shann, A Framework for Analyzing Network Governance of Public Assets (August 16, 2005). Available at SSRN: http://ssrn.com/abstract=786805 or http://dx.doi.org/10.2139/ssrn.786805

Contact Information

Shann Turnbull (Contact Author)
International Institute for Self-Governance ( email )
PO Box 266 Woollahra
Cell: +61418222378
Sydney, New South Wales 1350
Australia
+61293278487 (Phone)
+61280655905 (Fax)
HOME PAGE: http://independent.academia.edu/ShannTurnbull/CurriculumVitae
SKYPE: shann.turnbull
Sustainable Money Working Group ( email )
Holyoake House
Hanover Street
Manchester, M60 0AS
United Kingdom
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