- Volume 18 (2023), Issue 4
- Vol. 18 (2023), No. 4
- >
- Pages 244 - 251
- pp. 244 - 251
Public-Private Partnerships for Diversifying Economic Relations
Amid the increasing trend of protectionism in international commerce and the expanding intricacies of the global economy, public-private partnerships (PPPs) have emerged as crucial institutional structures to facilitate collaboration between the public and private sectors. This article emphasizes the importance of PPPs in the reduction of protectionism and the resolution of asymmetric dependency among states. PPPs have the capacity to foster sustainable and innovative domestic economic growth. Given the current state of global uncertainties and crises, PPPs continue to serve as a potent mechanism for facilitating infrastructure development, stimulating economic revitalisation, attracting investment, and fostering innovation. The article systematises information about PPPs - identifying the advantages and disadvantages; describing the principles of successful PPPs; and analysing the legislative changes and reforms aimed at improving the infrastructure sector of Ukraine. This article uses the basics of general scientific methodology and applies economic and statistical methods of analysis and a systematic approach.
Keywords: PPP, strategic planning, innovation, transparency, asymmetric dependence.