Abstract
In recent years, PPPs have been increasingly used to implement projects and provide public services. The governments have made the necessary legislative and financial efforts in order to promote PPPs, given the need to acquire know-how from the private sector and the advantages they bring to the public sector and the citizens. However, the use of PPPs should be carefully planned as, in addition to the wider social and economic impacts, failures and negative results have been observed. This article attempts to present the main characteristics of PPPs, cite their possible impacts and quote their critical success factors in order to make PPPs more beneficial for the involved parties and the citizens.
Highlights
Over the last few years, especially in times of economic downturn and uncertainty, the question arises as to whether there should be "more state" or "more free market"
It seems that the public sector is gradually being reduced and the private and public sector employment models are converging towards the restriction of the public employment for the benefit of the private capital (Koinoniko Polykentro of ADEDY, 2012; Pritchett, 2013)
Governments face a number of challenges to the successful implementation of Private Partnerships (PPPs), as they can have both positive and negative impacts, which relate in particular to the management of PPPs and to addressing technical, financial, legal and other challenges
Summary
Over the last few years, especially in times of economic downturn and uncertainty, the question arises as to whether there should be "more state" or "more free market". The main arguments are the pursuit of government policies towards the increasing interaction of the public and private sectors in the provision of public services, the “fading” of the distinct character of the public services and the gradual evolution of the private sector as a model of organization and administration in the public sector (Academy of Athens, 2012; Corby & White, 1999). It seems that the public sector is gradually being reduced and the private and public sector employment models are converging towards the restriction of the public employment for the benefit of the private capital (Koinoniko Polykentro of ADEDY, 2012; Pritchett, 2013). The answer to the question of what defines the “border” between the public and the private sector is still difficult to give and it depends on which sector exercises public power
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