The Effects Of Public Private Partnerships On Local Entrepreneurs In The Context Of Neoliberalism And Local Governance

Abstract

There is a direct relationship between the rise of neoliberalism and the emergence of a new system of governance defined as local entrepreneurship. The new local policy is affected by the limitation of the public sector and the increase in international capital mobility. Therefore, it is called for transformation to promote capital accumulation and to increase the comparative advantage of the local.Transition to forms of entrepreneurial governance means that reducing governance in public services and reducing governance to local practices and local regulations for involve new social actors in the sphere of government. Local services in both the public private partnerships (PPPs) as well as the ability is increasing interest in entrepreneurship. In this study analized that the importance of PPPs for local entrepreneurship and the complexity of the PPPs management dimensions. Local projects are quite complex because they contain more than one actor with different expectations. This requires the existence of governance regimes at the local or regional level. PPPs bring together local authorities, the financial sector and non-profit organizations to optimize their financing programs. Therefore, these cooperation is one of the effective ways of local financing. PPPs provide support mechanisms that are easily accessible by local businesses and adapted to their needs. This study focuses on a theoretical view of how complexity of multi-player governance affects the implementation of local projects.

Keywords

• entrepreneurship
• local entrepreneurship
• entrepreneurial urbanism
• public private partnerships