Further Process Of Public-Private Partnership Implementation (EU, Serbia And Neighboring Countries)
Further Process Of Public-Private Partnership Implementation (EU, Serbia And Neighboring Countries)

Summary/Abstract: This paper explores the progress some European countries, particularly Serbia and its neighbors, have made in overcoming obstacles for foreign investments and wider application of public-private partnership, such as: inadequate legal framework, underdeveloped market relations reflected in insufficient competitiveness of domestic suppliers, the lack of financial resources and funds, and limited institutional capacities for reforms, strategic planning, and marketing accompanied by a negative image of these countries. Public-private partnership can yield numerous benefits depending on the strategic approach, institutional capacities, and inter-sector cooperation within an economic environment. World markets are faced with financial limitations of national budgets and lack of capital investment funds on the one hand, and vast potential of the private sector on the other hand. Governments are turning to the private sector in order to obtain the necessary capital, resources, and the know-how for the development and functioning of the infrastructure. Public-private partnership is the form of investment and financing which aims to reconcile the existing, legally defined, opposites of the public and private sector without violating their underlying legal principles. Modern economic and legal theory holds that public-private partnership is possibly one of the best models countries can apply to build public infrastructure and provide services in the public sector.

• Details
• Contents