Public-private partnerships for sustainable development of agriculture

Abstract

The agrarian reform in Kazakhstan substantially changes the approach to creating the competitive entities of the agro-industrial complex that is part of agricultural policy leading towards food security and sustainable development. Transition to innovative development triggers an active search of instruments engaging private equity and allowing, at the same time, the most practical combination of interests of the state and entrepreneurial structures. As such tool, the mechanism of public-private partnership is considered. The article's authors explore the specifics of the development of public-private partnerships (PPP) in the economy of Kazakhstan, especially in agriculture. In this research, the authors identified factors that affect the development of public-private partnerships in sustainable development conditions. The authors also analysed different interpretations of the public-private partnership and discussed the peculiarities of its use. The experience of the development of public-private partnerships in other countries is considered. The paper offers analytical material that characterises Kazakhstan's public-private partnerships development level. The conclusion is made about the need for active development of PPP in the agriculture of Kazakhstan.