Nerses AgazaryanPublished in:
Public-Private Partnership
– Volume 3, Number 2 (April-June, 2016)

JEL classification: H54, L32, O57

Keywords: competitiveness, economic growth, infrastructure, public-private partnership


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Abstract:

The article analyzes the international experience of PPP development as an example of economic developed, developing countries and countries with economies in transition. The work is aimed at identifying the world's best practices in order to determine the most favorable conditions for the practical implementation of PPP approaches in Russia. The article made a number of key findings that PPP in infrastructure sectors allows to attract funds for development and improvement of energetics, water supply, transport, telecommunications, information technologies and other areas due to the participation of private and public institutions to countries and regions. In places with regional problems concerning aging infrastructure and a need for more effective services, partnership with the private sector can contribute new solutions for the integrated development of the countries and regions.

Highlights:

► the development of PPP in the world can be divided into three specific stages
► the majority of countries are still at the first stage of PPP development, which includes the development of the legislative framework and standards for PPP
►at the second stage are the vast majority of developed countries of Europe, such as Germany, France, Spain, Italy, and from the rest of the world – such countries as the USA, Canada, New Zealand, Japan and Russia
► at the third stage of PPP development are only the UK, Australia, South Korea and Ireland
► recently, in some countries began to appear PPP projects in the areas that had previously been considered the exclusive domain of the state

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