Explaining Public-Private Partnership Through the Prism of Political Economy

Abstract

Unresolved issues and lack of models of national public private partnership (PPP) practices implementation predetermine limited use of the potential of various partnership forms between the state and private business, as well as lack of a generally accepted understanding of their role in shaping the future systemic integrity in the economy and society at the national level. We offer an interpretation from the perspective of the political economy of the phenomenon of partnership between the state and private companies in the organization of business, as well as factors that determine the diversity of organizational structures of partnership between the public and private sectors of the economy.

Keywords

• economic policy
• public-private partnership
• ppp
• political economy
• state and economy
• role of state in the economy