public procurement and public budgets – management and transparency aleš michl portfolio...

Public Procurement and Public Budgets – Management and Transparency 

Aleš MichlPortfolio Strategistales.michl@rb.czwww.rb.cz/modelove-portfolioSeptember 2011

Prague – Changchun7 653 km

80’s in Changchun

Now!

China was the biggest economy in the world for almost all of the past 2000 years

China failed to keep pace with the Europe/US in the Industrial Revolution

Source: Paul Kennedy/The Rise and Fall of the Great Powers, 1987.

CEO Marchionne: “Fiat would perform better without its loss-making Italian plants”

Advanced Economies: Central Government Public Debts (in % of GDP)

Source: Reinhart/Sbrancia: The Liquidation of Government Debt, Working Paper NBER, March 2011. http://www.nber.org/papers/w16893.pdf

World War 2

NOW

Czech republic Global Competitiveness Report 2011

Source: World Economic Forum, 2011

Czech republic Unit Labor Cost indicators by economic activity

Source: OECD

80

85

90

95

100

105

110

115

120

125

Q2

-20

07

Q3

-20

07

Q4

-20

07

Q1

-20

08

Q2

-20

08

Q3

-20

08

Q4

-20

08

Q1

-20

09

Q2

-20

09

Q3

-20

09

Q4

-20

09

Q1

-20

10

Q2

-20

10

Q3

-20

10

Q4

-20

10

Unit Labor Cost - Total Economy (2005=100)

Unit Labor Cost - Industry (2005=100)

Unit Labor Cost - Construction (2005=100)

The UK government's new transparency intitiatives

A letter from PM David Cameron to Government departments on plans to open up Government data (31 May 2010):

“New items of central government spending over £25,000 to be published online from November 2010.”

“All new central government contracts to be published in

full from January 2011.”

“New items of local government spending over £500 to be published on a council-by-council basis from January 2011.”

Source: http://www.number10.gov.uk/news/letter-to-government-departments-on-opening-up-data/

If we fail to keep pace with China Industrial Revolution…

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