Table of Contents

International Handbook on Public–Private Partnerships

International Handbook on Public–Private Partnerships

Elgar original reference

Edited by Graeme A. Hodge, Carsten Greve and Anthony E. Boardman

In this timely Handbook, leading scholars from around the world explore the challenges presented by infrastructure PPPs, and contemplate what lies ahead as governments balance the need to provide innovative new infrastructure against the requirement for good public governance. This Handbook builds on a range of exciting theoretical lenses that span several disciplinary boundaries. It presents innovative insights and informed perspectives from an international base of empirical evidence.

Chapter 21: The Global Public–Private Partnership Industry

Carsten Greve

Subjects: economics and finance, public sector economics, politics and public policy, public policy

Extract

Carsten Greve Introduction How does the corporate world influence the development of public– private partnerships (PPPs)? The advent of PPPs has been accompanied by a flock of corporate organizations that play a role in assisting PPP deals to be formulated, entered and implemented. The corporate organizations include banks, consultancy companies, construction/infrastructure companies and law firms. The literature on PPPs is full of evidence about how governments act to promote PPPs, but little is actually known about the role of corporate organizations in the development of PPPs. Hodge and Bowman (2006) made a contribution a few years ago when they discussed the emerging ‘consultocracy’ that was related to the rise of the privatization policy development. For Hodge and Bowman, the consultocracy meant that ‘the business of reforming government itself needs to be recognized by governments worldwide as having produced a new, powerful professional interest group’ (ibid., p. 121). Because the literature is relatively sparse on the influence of private sector companies on global PPP policy development, this chapter takes a first look at the way corporate organizations have been related to the PPP movement. The aim of the chapter is to present an explorative perspective on the role of the ‘PPP industry’ and to point to questions for further research. The most appropriate point of departure of this chapter is deemed to be a political-economy perspective that examines the relationship between business and politics, often in a historical context. The main argument of the chapter is that there are signs of...

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