Public-private partnership in theory
Abstract
Background: In political and other debates much of attention is paid to public – private partnerships (PPPs). These partnerships are perceived as a tool of meeting public demand by private supply. In theory there are at least four different forms of contract partnerships according to the amount of risks transferred to the private sector.
Conclusions: Public – private partnerships are neither the only neither the preferred way of providing public service. On one hand they tend to lower financial burden of the public sector but on the other hand PPPs require complex ways of management and monitoring. It is highly important to consider specific circumstances of individual projects in question.
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References
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