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Edited by Graeme A. Hodge, Carsten Greve and Anthony E. Boardman
Chapter 26: Conclusions: Public–Private Partnerships – International Experiences and Future Challenges
Graeme A. Hodge, Carsten Greve and Anthony E. Boardman Introduction This international handbook has aimed to make a new contribution to our knowledge of PPPs. As we said at the outset, whether we view PPP as an engineering tool, a governance mechanism or a public policy phenomenon, clearer thinking and wiser learning is warranted. In a publishing exercise of this size, though, there is always a risk that the entire undertaking will be superseded by events, and that whilst each of the chapter authors complete their writing, the questions posed in the initial chapters are rendered irrelevant by a fast-changing world. Despite tumultuous global events, this has not occurred with the PPP phenomenon. Indeed, the importance of this type of partnership has increased rather than decreased in the time since our project was started, as certified also by reports such as OECD (2008). We began our handbook by suggesting a series of nine crucial research domains for PPP, and it is also clear that they are as cogent now as when first articulated: 1. 2. 3. 4. 5. 6. 7. 8. 9. The merit/worth of LTIC PPPs The circumstances when they may give highest VfM and innovation The circumstances when they may act as a better governance tool How we can better regulate PPPs in the public interest The role and findings of auditors general to date Why their promotion ‘succeeds’ in some jurisdictions but not in others What is the nature and consequence of the global PPP industry? What...
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