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Infrastructure Privatization In The Field Of Public-private Partnerships

Posted on:2006-06-12Degree:MasterType:Thesis
Country:ChinaCandidate:L GengFull Text:PDF
GTID:2206360152988190Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
From 1970's, with the changed era of decline of Keynes theory which support the opinion of national intervention in economy, government invalidation and technology progress, the campaign of deregulation and privatization are thriving across the whole world in order to adjust economy, improve functions of government and optimize resources. In fewer ten years, there are more and more competitions in these traditionally monopoly industries, such as telecom, aviation and railway, energy power. By means of attracting private capital and building the competition mechanism, the trends of privatization and marketization have been strengthened. For a long time, based on the specialties of natural monopoly and public goods, people regard the infrastructure sector as an area which had better been operated by government. But as more and more disadvantages and shortcomings are disclosed, the reasonable developing way of infrastructure is liable to privatization, so Chapter 1 and 2 of this dissertation focus on the necessity and feasibility analysis of privatization in infrastructure area and then go to the central emphasis -public-private partnership.A Public Private Partnership is a partnership between the public sector and the private sector for the purpose of delivering a project or a service traditionally provided by the public sector. Public Private Partnerships recognize that both the public sector and the private sector have certain advantages relative to the other in the performance of specific tasks. By allowing each sector to do what it does best, public services and infrastructure can be provided in the most economically efficient manner. Under public private partnership arrangements, private sector contractors become long term providers of services rather than simply upfront asset builders, combining the responsibilities of designing, building, operating and possibly financing assets in order to deliver the services needed by the public sector. As a result, central and local government agencies become increasingly involved asregulators and focus resources on service planning, performance monitoring and contract management rather than on the direct management and delivery of services. The Chapter 3 and 4 details the conception, form and application, etc. of public-private partnership in infrastructure area and put forward the relative solutions and suggestions about handling Public Private Partnership.
Keywords/Search Tags:privatization, infrastructure, public goods, public-private partnership
PDF Full Text Request
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