Abstract
The paper will initially review the idea of public-private partnerships (PPPs) as it has evolved over the past few decades first in OECD countries, and then in developing countries. Questions will include: How is PPP defined (it means different things to different people and this is an asset)? How is PPP part of the New Public Management (NPM) agenda (fragmentation, competition, incentivization), and how is it part of the post-New Public Management (NPM) agenda (governance, networking, collaboration)? What are the regulatory challenges? What are the risks of PPPs, including corruption risks and how are they best managed? What has been the effectiveness of PPP in terms of NPM (outputs, efficiency) and post-NPM (innovation practices to solve complex problems, new delivery processes that cut through bottlenecks) metrics? What have been the challenges in transferring the concept from OECD to developing countries? Building on this foundation, a case study will be presented of recent developments in the Power sector in Bangladesh to illustrate these issues in a specific context.
Published Version
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