Abstract
The paper is aimed at the historical research of the approaches to identify the concept of public-private partnership and support its necessity in various conditions and countries by representatives of different scientific economic schools. Using methods of analyzing and interpreting of historical conditions and evidences as well as original scientific papers, the key stages of public-private partnership concept historical development were discovered and described.
Highlights
Open AccessThe present understanding of public-private partnership (PPP) is largely based on long and complicated process of development of the concept of cooperation between private and state sectors in economic theory
The practice of PPP projects implementation in transitional and market economies provides the contradiction information that is caused by inappropriate methods of implementation, imperfect legal regulation and other features of each particular country
That is why it is important to analyze the historical development of the concept, features, characteristics of cooperation between the state and business within the time frame from XVI century till the beginning of XXI in order to understand the key purpose of PPP, mechanisms of its implementation, the distribution of costs and benefits between partners and to identify sectors of economy, where PPP projects can be efficient for society as a whole
Summary
The present understanding of public-private partnership (PPP) is largely based on long and complicated process of development of the concept of cooperation between private and state sectors in economic theory. The practice of PPP projects implementation in transitional and market economies provides the contradiction information that is caused by inappropriate methods of implementation, imperfect legal regulation and other features of each particular country. That is why it is important to analyze the historical development of the concept, features, characteristics of cooperation between the state and business within the time frame from XVI century till the beginning of XXI in order to understand the key purpose of PPP, mechanisms of its implementation, the distribution of costs and benefits between partners and to identify sectors of economy, where PPP projects can be efficient for society as a whole
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