A word from the president: 'cost-cutting alone is not the answer. There must also be a long-term vision'.
| Author | Luck, Keith |
As both a geographer and a management accountant, I've been highly supportive of the institute's recent research into how financial managers can help to develop the cities of the future. More and more mega-cities are becoming the economic equivalent of small nations --and managing the expectations of all their stakeholders is a massive challenge.
I am delighted that the resulting report takes a pioneering step in outlining public-sector strategies that will prove financially robust and sustainable. The demands on the leaders of metropolitan and regional governments are huge. Costs must not only be managed; new infrastructures must also be created in an environmentally responsible way. All the while, pressure is building on leaders to strengthen relationships with outside providers...
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