Authors : Svetlana V. Khusainova, Fattakhova A. Ruslanovna and Khakimova S. Damirovna
Abstract: Today within the frameworks of the unstable situation in Russia and around the world tending to activation of the relationships between the state and private business in terms of solution of common problems and methods of the crisis recovery is enhanced. At the same time, the functions of the state and the tasks related to privatization of particular spheres of economy within the country and extension of the private sector impact on the world economy in the globalization conditions are changed. In this regard, the mandatory condition of the normal operation of the market economy is the constructive interaction of the business and state institutions. In the modern sense of the term, the partnership of a state and business represents the institutional and organizational alliance between the state and private companies, banks, international financial institutions and other organizations for the purpose of implementation of the worthwhile projects. At the same, time certain dualism is observed: a state can never be free of executing its social functions related to the common national interests and the business in its turn always remains the source of incrementing the social wealth. In contrast to the traditional relations, the developing partnership creates the basic models of funding, ownership relations and management methods. It appears to be possible to use the advantages of both forms of ownership without deep social transformations and shocks within the frameworks of the various forms and methods of the Public-Private Partnership (PPP).
Svetlana V. Khusainova, Fattakhova A. Ruslanovna and Khakimova S. Damirovna, 2015. Public-Private Partnership as the Basis of Interaction Between the State and Business. International Business Management, 9: 909-916.