The country needs more infrastructure investment to boost jobs and growth. However, the government must pay due attention to the scale and nature of the risk it accepts from lenders

Hellowell, Mark (2012) The country needs more infrastructure investment to boost jobs and growth. However, the government must pay due attention to the scale and nature of the risk it accepts from lenders. [Online resource]

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Mark Hellowell explains the virtues of new legislation that would promote infrastructure projects by offering a government guarantee to lenders. However, he warns of the negative implications the proposals will have; namely, the introduction of adverse selection and moral hazard.