WORLD EXPERIENCE OF THE PUBLIC-PRIVATE PARTNERSHIP AND ITS APPLICATION IN THE ECONOMY OF THE REPUBLIC OF KAZAKHSTAN

• Main Authors: Zarina B. Sadykova, Gaukhar M. Rakhimzhanova
• Format: Article
• Language: English
• Published: Mykolas Romeris University 2020-12-01
• Series: Public Policy and Administration
• Subjects: decentralisation; business; international documents; globalisation; state
• Online Access: https://www3.mruni.eu/ojs/public-policy-and-administration/article/view/6143
• ISSN: 1648-2603; 2029-2872

The purpose of the paper is to research the world experience of the public-private partnership development and its application in the current state of the economy of the Republic of Kazakhstan. The leading method of research was the method of analysis. Methods of synthesis, systematicity, comparison, induction, and deduction were also used during the study. The novelty of the study is determined by the fact that a feature of the global institutional environment that is formed by world leading countries lies in the establishment of a close dependence on the institutional mechanism of the public-private partnership of a particular state on international institutions and provisions – leading states, formal and informal intergovernmental institutions, transnational networks of business corporations, and non-governmental organisations. The authors show that the institutional subjects of public-private partnerships in a globalising world interact not only within the country, but also beyond its borders. The practical significance of the study is determined by the fact that public authorities as part of a group of states form networks of interaction with other entities that, together with representatives of private capital, develop concepts and state public-private partnership programs, focusing on the provisions of a single international legal framework.