THE ROLE OF PUBLIC-PRIVATE PARTNERSHIP IN COMMUNITY DEVELOPMENT
THE ROLE OF PUBLIC-PRIVATE PARTNERSHIP IN COMMUNITY DEVELOPMENT

Summary/Abstract: This article approaches the idea that a community always stands to gain if public-private sector collaboration projects are developed within its territory and to its members’ benefit. Financial, material and human resources, if efficiently combined and used can lead to community problem solving. Public-private sector partnership is a method of collaboration between public authority and the private sector, i.e. non-governmental organizations, in order to implement a project which positively influences local development. Public-private sector partnership can lead to faster implementation of a program for planned investments, as they can add quite substantial extra financing to the traditional budget programs. Also, it is beneficial to usefully combine public with private sector expertise in order to thoroughly assess projects and ensure project growth. Public-private partnership can also ensure social welfare and it is a means to attaining multiple goals: reducing public expenses, public services improvement, more efficient public administrative activity, which should generate truly less expensive management with qualitative and more efficient programmes.

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