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PPP in the economy of the EAEU, SCO, BRICS+, CIS: new technologies, old problems and their solutions

Abstract

The purpose of this work is a comprehensive analysis of public-private partnership (PPP) in the economies of the EAEU, SCO, BRICS+ and CIS countries, with an emphasis on identifying common trends, specific problems and development prospects. Within the framework of the study, tasks were set to study existing PPP models, compare their effectiveness, analyze the legislative and institutional framework, as well as assess the impact of international cooperation on the development of PPP. The scientific novelty of the work consists in an interregional comparison of the PPP experience, which allows us to identify universal and specific factors of success and failure, as well as to propose innovative approaches to solving emerging problems. The theoretical framework of the study is based on the concepts of institutional economics and the theory of public choice, which allows us to consider the interaction between the state and the private sector through the prism of institutional mechanisms and incentives. Research methods include quantitative analysis of statistical data on implemented PPP projects and qualitative content analysis of documents, as well as expert surveys of representatives of government agencies, business and the scientific community. The main conclusions of the study confirm that PPP is an effective tool for solving the problems of infrastructure modernization and attracting investments in the EAEU, SCO, BRICS+ and CIS countries. The greatest success is achieved in the presence of a favorable institutional environment and political support. The main problems include a lack of competencies, bureaucratic barriers and difficulties in risk allocation. Recommendations for improving PPP mechanisms include the development of educational programs, simplification of procedures and the creation of specialized support institutions. The study also revealed the need for further study of cultural factors and social effects of PPP, as well as the integration of innovative technologies into projects.

About the Author

Alexander Semenov
St. Petersburg University of Management and Economics Technologies
Russian Federation


References

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Review

For citations:


Semenov A. PPP in the economy of the EAEU, SCO, BRICS+, CIS: new technologies, old problems and their solutions. International Aspect. 2024;5(4):102-115.

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ISSN 2949-6381 (Print)
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