Abstract
The article deals with the essence of the economic category state-private partnership. The article is founded on an analysis of the historical basis of forming and developing a system that connects state and private business. The article includes publications of leading researchers in this field and critically interprets existing approaches. The authors formulate their own positions about the essence, foreign experience, and the mechanism of realisation in Ukraine. Included in the article is a defined, common methodological approach to research of state-private partnerships (SPP). The article is grounded in but does not address previously defined categories of state-private partnerships that use as synonyms: municipal-private partnership, private-social partnership, private-state cooperation, public-private partnership, social-private partnership, partnership states and private sectors. The conditions and mechanisms needed to motive and develop the collaboration of the private sector with the state are an integral part of the article.
Highlights
AND STATEMENT OF THE PROBLEMAn essential condition for the proper functioning of a civilized market economy is constructive collaboration between private business and state structures
The state is never free from its socially critical functions related to national interests, and business, in turn, is always a potential source and engine for developing and increasing social wealth. This interaction is realized in the form of public-private partnerships (PPP)
Accumulated to date, forms of PPPs allow a partial transfer of powers to the private sector
Summary
An essential condition for the proper functioning of a civilized market economy is constructive collaboration between private business and state structures. The state is never free from its socially critical functions related to national interests, and business, in turn, is always a potential source and engine for developing and increasing social wealth In recent years, this interaction is realized in the form of public-private partnerships (PPP). In Ukraine, in the absence of the usual and what worked in Europe for private investment mechanisms, to protect such an interpretation could lead to reluctance of private capital to participate in PPP projects as referring exclusively to the interests of the state party This situation is updated and addressed through the scientific research on this subject that serves as a basis for this article. In the economic literature one can find the following options are used interchangeably: public-private partnerships, municipalprivate partnerships, public-private cooperation, and a partnership of state and the private sector (Tatarkin, 2005, p. 16)
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