Browse by title
Capitalism in Transformation
Movements and Countermovements in the 21st Century
Edited by Roland Atzmüller, Brigitte Aulenbacher, Ulrich Brand, Fabienne Décieux, Karin Fischer and Birgit Sauer
Global Political Economy
Beyond the Nation State
David Reisman
A Modern Guide to State Intervention
Economic Policies for Growth and Sustainability
Edited by Nikolaos Karagiannis and John E. King
A Political Economy of African Regionalisms
An Overview of Asymmetrical Development
Wil Hout and M. A.M. Salih
Declining Democracy in East-Central Europe
The Divide in the EU and Emerging Hard Populism
Attila Ágh
Graeme A. Hodge and Carsten Greve
Much attention has gone towards ‘up-front’ processes when delivering infrastructure public–private partnerships (PPPs), but less on how to best govern after the ribbon is cut and the infrastructure built. This chapter identifies the primary contractual and institutional governance challenges arising in the medium to long term of PPP concession contracts and explores these governance challenges through interviews with high-level PPP industry insiders. The chapter presents new findings from Australia on the importance of good public administration for successful PPP operation, and on the interesting evolution of medium- to long-term governance arrangements. It finds that although industry interviewees agreed PPP governance had improved significantly, they had differing views on how capable Australian states were and how well this task was being undertaken. The up-front contract was judged as dominating long-term governance arrangements, with the biggest ongoing challenge for PPPs seen as the need greater transparency in order to improve PPP legitimacy in the eyes of citizens. The professionals themselves were indeed split on the current adequacy of PPP transparency. No single institutional model for governing long term contracts was found, indicating a wide variety of feasible options for policy makers.
Graeme A. Hodge and Carsten Greve
Public-private partnership (PPP) is now a staple in public policy making and a well-known institution for designing, financing, building, operating and maintaining large infrastructure projects internationally. In this book we have focused on a number of recent issues and debates that have surrounded the theme of PPP. This concluding chapter reviews the main arguments of the book before proceeding to discuss and synthesize some of the most prevalent issues affecting public-private partnerships (PPPs) today. These issues include the timing of the economic rationale compared to the political need for PPPs, and the question of whether PPPs have come full circle. Finally, we look at the future of PPP and note its evolution from a focus on the effective delivery of individual projects to (inter)national infrastructure plans competing with each other for political and economic dominance.