From Governing Magazine – By Raj Sharma
We talk a lot about “procurement reform.” Instead, we should be looking at government purchasing through the lens of economics and how markets really work.
Governments at all levels spend almost $2 trillion in the United States and $8 trillion globally. How those funds are used, though, is perhaps more important than how much money is spent. Governments spend money to deal with some of our most critical challenges — from education to health care to national security to infrastructure and waste management — and provide many services that affect us every day. When not done right, we all feel the impact.