Unpacking the Public Private Partnership Revival
研究了发展中国家基础设施领域公私合作伙伴关系(PPP)近期重新受到关注的现象,指出其与全球金融资本可用性增加有关,并探讨了这一复兴对发展的影响。
This paper examines the recent resurgence of interest in public-private partnerships (PPPs) to provide infrastructure in developing countries. First, the paper demonstrates that there has been a revival of support for private sector participation in infrastructure. Second, the paper argues that this revival differs from earlier attempts to increase the involvement of the private sector in public service provision in a number of respects. In particular, the current support for PPPs is related to an increased availability of global financial capital. Third, the paper considers the implications of this distinct feature of the revival for development.