Abstract

In modern conditions there is a need for a comprehensive approach to solving problems of life and development of old industrial territories. In these conditions, the generally accepted world practice of public-private partnership is relevant, the advantage of which is to attract private business to traditionally public sectors of the economy, as well as the desire to eliminate the shortcomings of other management methods through optimal allocation of resources, responsibilities and risks. The aim of the article is to systematize the concept of revitalization of old industrial territories, research of tools for effective implementation of public-private partnership in the practice of revitalization of old industrial territories and possible directions of their development. It is determined that the points of innovative growth of the old industrial territories of Ukraine should be investments in research and development, increase in the production of science-intensive products, institutional changes at the legislative level. In order to modernize and develop old industrial areas on an innovative basis, the authors substantiate the need for projects involving public-private partnership mechanisms, such organizational and economic form of interaction between government and business, in which the state acts as a business entity as an active partner that stimulates structural modernization of economic sectors and provides for the transfer of business part of the economic, organizational and managerial functions of production of public goods, provision of public services, management of state property. In the context of the transition of Ukraine's economy to an innovative path of development, the authors identified the growth points of the old industrial territories of Ukraine: investing in research and development, increasing the production of science-intensive products, institutional changes at the legislative level. The experience of recent years shows that with a properly formed structure of public-private partnership mechanisms, this organizational and legal form is extremely beneficial for both public and private sectors, and for the society.

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