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Abstract: The revised Government Procurement Agreement (GPA) illustrates the long-term trans­formation in the way governments currently deliver public policies: steering, not rowing. Under a re­gulatory paradigm based on improving efficiency and best value for money, the 51 GPA Parties have reformed the previous GPA framework and expanded global procurement markets in accordance. Howe­ver, the figures of this structural policy trend have not yet been properly mapped. This research estima­tes on basis of the available data that the GPA parties cover round 26% (US$2,140bn) of their GGCE (US$8,220bn), whereby the global GPA coverage could potentially be expanded substantially (compare to global GGCE: US$13,100bn) on the long term. Keywords: public-private partnerships, world trade, market-formation, government procurement, GPA. Resumen: El Acuerdo de Contratacion Publica (GPA) revisado ilustra la transformacion de largo plazo en la forma en que los Estados desarrollan politicas publicas: guiar, y no remar. Bajo un paradigma regulatorio basado en la mejora de la eficiencia y el mejor valor por el dinero, los 51 Miembros del GPA revisado han reformado el marco legal originario y contribuido a expandir los emergentes mercados glo­bales de contratacion publica. Esta investigacion calcula en base a los datos disponibles que las partes del GPA cubren un 26% (2.140.000 US$) de su GGCE (8.220.000 US$), mientras la cobertura global del GPA podria expandirse de manera significativa (comparar con el GGCE global: 13.100.000 US$) a largo plazo. Palabras clave: partenariados publico-privados, comercio mundial, formacion de mercados, con­tratacion publica, GPA.

Measure and discipline in world procurement markets = Medición y reglas de los mercados mundiales de contratación pública