Using digital ecosystems in public-private partnership

Abstract

Public-private partnership can be considered one of the most priority areas for the development of social and transport infrastructure, improving education and healthcare systems, and attracting private capital to the economy. Effective implementation of infrastructure and investment projects within the framework of public–private partnership allows the state and private investors to benefit, and ultimately all citizens. State administrative levers should be focused on the formation of the legal framework necessary for effective cooperation between private business and government agencies. Public-private partnership can play an important role in the implementation of state targeted programs. The participation of private capital in these programs will make it possible to save the expenditure of public funds, as well as increase the return on investment activities. The use of the digital ecosystem within the framework of public-private partnership makes it possible to simplify the interaction of the private sector of the economy with public institutions. Thanks to the use of the digital ecosystem, the state will be able to more effectively select partners for the implementation of joint projects. The use of the digital ecosystem will save time on the examination of promising investment projects. The use of digital economic systems allows to reduce the time costs necessary for making effective management decisions, as well as to increase labor productivity. Digital ecosystems are able to bring public-private partnership to a qualitatively higher level of relations between business and the state.