Public-private Partnership and Economic Development Implication

Abstract

Starting from the idea that the public-private partnership will become in the near future one of the main ways to finance major infrastructure works in Romania, nationally - regionally - locally, this article aims is to verify this hypothesis by analyzing the importance of the concept of publicprivate partnership at the international and national level. The analysis performed in this article take into consideration the degree to which it integrates the needs of the community and the interest of the private entities for partnership with public administration. In implementing their economic development plans, the governments of the countries face many challenges starting from the construction of the architecture of those infrastructure investments, continuing with their operationalization and last but not least regarding the securing of financing for the completion and for the project operation.

Keywords

• public-private partnership
• economic development implication
• globalization