Global Public Procurement Theories and Practices

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This book explores contemporary theories and practices in public procurement, which has evolved significantly due to persistent budget constraints, government downsizing, and public demand for transparency. It addresses the challenges of ensuring efficiency, fairness, and equity while adapting to emerging technologies, environmental concerns, and the complexities of regional trade agreements versus national socioeconomic goals. Featuring sixteen case studies, the first section examines public procurement as a policy tool, focusing on the challenges of balancing market forces, legal requirements, political pressures, and environmental issues. The second section highlights performance-based public procurement, discussing frameworks for assessing procurement systems, identifying gaps between policy and practice, and strategies to bridge those gaps. The final section addresses current procurement issues, including the Trans-Pacific Partnership, risk mitigation, and the professionalization of procurement. By integrating theory with real-world evidence, this volume serves as a valuable resource for academics, policymakers, and procurement professionals alike.