PUBLIC-PRIVATE SECTOR SYNERGY FOR PROMOTING DEVELOPMENT IN SOCIAL ENDEAVORS
DOI:
https://doi.org/10.15407/economyukr.2024.07.021Keywords:
public management; collaboration; infrastructures; employment; socio-economic development; socio-economic problemsAbstract
The article provides an overview of the evolution of public administration paradigms, focusing on the transition from Classical Public Administration to New Public Management (NPM) and the emergence of Public-Private Partnerships (PPP). It discusses how NPM, which originated in the 1980s, sought to enhance the efficiency and effectiveness of public services by incorporating principles from the private sector. Key features of NPM include decentralization, increased accountability, and a strong emphasis on results and performance metrics.
Furthermore, the concept of Public-Private Partnerships (PPP) arose as a response to the limitations of privatization policies. PPPs involve collaboration between the public and private sectors to deliver services or implement projects, sharing both risks and responsibilities. The article traces the historical development of PPPs and highlights their widespread adoption in various sectors globally, such as infrastructure, healthcare, and education.
By leveraging the strengths of both sectors, PPPs aim to improve service delivery and project implementation, offering a more flexible and innovative approach to public administration. The article underscores the significance of these paradigms in shaping contemporary public administration, illustrating how NPM and PPPs have redefined roles, responsibilities, and methodologies within the field. Overall, it highlights the shift towards more dynamic, flexible, and results-oriented approaches in public sector management, reflecting broader trends in governance and public policy.
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