Description
Book SynopsisEvery year thousands of college students apply for and receive federally guaranteed loans to fund their educations in the United States. The loans are managed by nongovernmental entities Sallie Mae, College Ave Student Loans that indirectly implement the public goal of affordable higher education. Put another way, the US Department of Education relies on these nongovernmental entities for implementation of public policy via third parties. Where this kind of indirect implementation occurs, and how it differs from direct implementation, is the focus of this book, introducing readers to the theory and practice of third-party governance. It helps students understand market-oriented tools such as contracting, networks, public-private partnerships and other collaborative governance mechanisms that make up the repertoire of third-party governance. This background is, in turn, key to understanding modern governance arrangements all over the world.
Author Jessica N. Terman explores t
Trade Review
"Government primarily provides goods and services by outsourcing them to third parties, yet this remains an underappreciated research area in public administration. Terman skillfully weaves the full picture of how government intersects with the market system to further public and social good - whether through contracts or public-private-partnerships. The book is a practical guide to understanding the role of networks and impact of transactional costs in managing a wide array of government functions through third party governance."
Hina Kazmi, Schar School of Policy and Government, George Mason University, USA
Table of Contents1. Third-Party Governance 2. Government 3. The Market 4. The History of and Vehicles for Using Third Parties 5. Transaction Costs and Mitigating Transaction Costs 6. Networks 7. A Concluding Discussion in Third-Party Governance
