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Journal section "Administration efficiency"

Public-private partnership as a prerequisite for attracting private investment resources

Kopytova E.D.

5 (73), 2014

Kopytova E.D. Public-private partnership as a prerequisite for attracting private investment resources. Problems of Territory's Development, 2014, no. 5 (73)

Abstract   |   Authors   |   References
Recently growing influence of large companies on social and economic development of the country necessitates the involvement of business in shaping the socio-economic policy of the state. Business takes part in the development of actions aimed at the implementation of socially oriented behavior models. The problem solution concerns the formation of corresponding institutional framework, regulating relations of business, society and government. The analysis of the business environment has helped to identify imbalances in its development and justify the need for private investment in problematic spheres. It has revealed problems of interaction between business and the state: a low level of trust between the main actors of the interaction, a lack of the government’s elaborated strategy to build relations with business entities, imperfection of the legislative base regulating joint partnership activities, etc. The article identifies areas of state-business interaction, taking into account the interests of all participants of the interaction and using the possibilities of corporate structures. Combining interests and resources of business and government promotes the development of a coherent strategy in the field of regional socio-economic development

Keywords

investments, partnership, socio-economic development, business structures, state bodies, interaction

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