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The Logic of Public–Private Partnerships

The Enduring Interdependency of Politics and Markets Graeme A. Hodge, Professor, Faculty of Law, Monash University, Melbourne, Australia and Carsten Greve, Professor, Department of Organization, Copenhagen Business School, Denmark
This book examines Public–Private Partnerships (PPP), and tracks the movement from early technical optimism to the reality of PPP as a phenomenon in the political economy. Today's economic turbulence sees many PPP assumptions changed: what contracts can achieve, who bears the real risks, where governments get advice and who invests. As the gap between infrastructure needs and available financing widens, governments and businesses both must seek new ways to make contemporary PPP approaches work.
Extent: 304 pp
Hardback Price: $135.00 Web: $121.50
Publication Date: 2019
ISBN: 978 1 78471 668 4
Availability: In Stock

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  • Economics and Finance
  • Economic Regulation and Governance
  • Public Sector Economics
  • Politics and Public Policy
  • Political Economy
  • Public Administration and Management
  • Public Policy
Public–Private Partnerships (PPPs) have excited the political world over the past few decades. Few books, however, have viewed them as both a phenomenon of politics as well as a technical matter aiming to better deliver public infrastructure. Through fiercely independent scholarship, this book investigates the various logics of PPPs. In doing so, it challenges those involved in delivering public infrastructure to think more about power, language and politics in decision-making.

The Logic of Public–Private Partnerships takes a cross-disciplinary perspective on PPPs. It notes their global popularity, and considers the varying definitions used and policy positions taken by different governments. It discusses the contemporary, international evidence supporting and opposing the formation of these partnerships, with reference to efficiency, value-for-money and governance. The simultaneous growth of PPPs in some countries is observed along with their demise in others. The book also articulates the solid reasons for which governments might adopt PPPs, before pointing to continuing research priorities.

This book will be useful for academics interested in PPPs and infrastructure governance, as well as professionals in the infrastructure sector and practitioners seeking to understand the PPP phenomenon. It will also be an invaluable tool for undergraduate students with an interest in infrastructure projects, and postgraduate students studying PPPs and the issues surrounding them.
‘This book is a very welcome addition to the PPP bookshelf as the authors draw together many years of insight into the concepts and rationales underpinning our understanding of this institutional phenomenon of our time. Most importantly going forwards, Hodge and Greve challenge us to think conceptually about the future of infrastructure policy in a changing international arena.’
– Anne Stafford, The University of Manchester, UK
Contents: Preface and Acknowledgements 1. Introduction 2. On Public-Private Partnership Performance: A Contemporary Review 3. Why Politics of Public‐Private Partnerships Reinforced Economic Rationalism during Twenty-Five Years 4. The Economic Art of Public-Private Partnerships 5. Market Development and Public-Private Partnerships 6. After the Ribbon Cutting: Governing Public-Private Partnerships in the Medium- to Long-Term 7. International Public-Private Partnership Policies: Convergence in Themes from International Organizations? 8. Contemporary Public-Private Partnership: Towards a Global Research Agenda 9. From Public-Private Partnership to Infrastructure Governance: Meaningful Change in Narrative – or Rhetorical Sidestep? 10. Conclusions: Public-Private Partnership Logics for Our Times Index