This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local...

The experience of Olongapo City in managing economic distress due to the loss of its economic anchor, the Subic Bay Naval Base, offers a rich lesson in local governance on how critical it is to plan ahead. The risk of a severe downturn, primarily due to economic dependency, can be successfully...