USV Annals of Economics and Public Administration (Jun 2023)

Public – private partnership as a bridge between society's needs and the sustainable development goals achievement

  • Cristina Iuliana PETROVAN (MARANDA)

Journal volume & issue
Vol. 23, no. 1(37)
pp. 66 – 72

Abstract

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In contemporary economics, it can be seen how governments around the world tend to satisfy social needs by using more sustainable practices. Also, under the pressure of environmental degradation, more and more individuals in the private sector are interested in identifying solutions for sustainable development. Thus, a public-private partnership that collaborates with the government and the business world and adapts to economic, social, and environmental demands is essential for accomplishing the United Nations Sustainable Development Goals. The components of a public-private partnership must clearly define their goals, place an emphasis on the socioeconomic aspects of their policies, conduct a risk assessment that considers all of the key facets of sustainable development, including the economic, social, and environmental ones, and be conscious of the fact that placing too much emphasis on one aspect at the expense of the others can make it difficult for this type of partnership to maintain its enthusiasm, transparency, and involvement. Through this study, we aimed to conduct a literature analysis to describe the current status of research on the inclusion of sustainability in projects involving public-private partnerships and to identify any gaps that might be present in this area that might be useful for guiding future study and practice.

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