Bìznes Inform (Sep 2017)
The Theoretical and Practical Aspects of the Foreign Experience of Financing Investment in the System of the State and Business Partnerships and Its Implementation in Ukraine
Abstract
The article explores the foreign experience of development and implementation of public-private partnership (PPP) and its role in the economic development of the country. The main characteristics of PPP in different countries have been provided and the main regularities together with criteria for selecting the PPP kinds and characteristics, depending on the type of economic and financial system have been defined. It has been determined that PPP increases the financial opportunities for investment in the socially significant projects. PPPs are most common in developed countries (UK, United States, France, Germany). As for the experience of the «intermediate countries in the sphere of PPP development», the public-private partnership is developed at the institutional level in these countries. Among the «countries that are late in the PPP implementation», the Poland’s experience has been observed, among the countries of the former CIS – the experience of Kazakhstan. It has been identified that PPP is based on the following principles: a focus on the national or the regional development, attraction of more than 50 per cent of non-budget financing, promotion of innovation, and establishment of the special State institutions that regulate PPPs and of relevant legislation. Also the advantages and disadvantages of PPPs for investment financing have been analyzed and the major development tendencies have been defined.
