Abstract
The advantages and disadvantages provided by joining in public-private partnership reveal the challenges the economies are constrained to, pursuant to the impact of PPP on certain economic processes. There are identified forms of public-private partnership, which, in their development, are based on a number of factors: the actors involved, the origin of the financial resources, the duration of the contract, the existing traditions, types of agreement in relation to the way of sharing responsibilities and risks between public and private actors. The paper reveals studies achieved on the elements of public-private partnership, advantages, disadvantages they highlight, the forms of partnership grouped in relation to different factors, the stages pursued in the initiation of public-private partnership projects.
Highlights
Studies and opinions concerning Public-Private Partnership are often met in proffesional economic, financial, judicial publications, used in marketing, in product and service supply, collaboration between the two sectors (public and, respectively, private,) being a contemporary chapter of interest of administrative actuality
Studies and opinions concerning Public-Private Partnership are often met in proffesional economic, financial, judicial publications, used in marketing, in product and service supply, collaboration between the two sectors being a contemporary chapter of interest of administrative actuality
Forms of public-private partnership PPP is based on a contract between the public and private sector through which the private sector contributes with financial resources and projects, and the public sector is responsible for delivering services to the population, respecting the needs of individuals and contributing to the standard of living raise. (UNECE, 2008) ❖ Among the first forms of Public-Private Partnership are the mixed ones, which have varied over time, in relation to the actors involved, the origin of the financial resources, the duration of the contract, existing traditions in different countries, from which can be mentioned (Wettenhal, 2003):
Summary
Studies and opinions concerning Public-Private Partnership are often met in proffesional economic, financial, judicial publications, used in marketing, in product and service supply, collaboration between the two sectors (public and, respectively, private,) being a contemporary chapter of interest of administrative actuality. The problems faced by governments in their actions aimed at achieving a high efficiency in public works development such as insufficiency of governmental financial resources, have led to the initiation of new forms of institutional cooperation, generic called Public-Private Partnership (Wettenhall, 2003; Boase, 2000; Osborne, 2000).
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