PUBLIC-PRIVATE PARTNERSHIPS (PPPS) AND THEIR EFFECTIVENESS IN PROMOTING SUSTAINABLE ECONOMIC DEVELOPMENT IN UNDERDEVELOPED REGIONS

Authors

  • DR. SYED SHAHAB UDDIN Department of International Relations, FUUAST Karachi, Pakistan.
  • DR ALLAUDDIN Shanghai International Studies University, Shanghai, China.

Abstract

Public-Private Partnerships (PPPs) have emerged as a pivotal strategy for fostering sustainable economic development, particularly in underdeveloped regions. This article delves into the mechanisms of PPPs, their historical evolution, and their theoretical underpinnings. Through a detailed analysis of case studies from various underdeveloped regions, this study examines the effectiveness of PPPs in addressing infrastructure deficits, enhancing public services, and promoting economic growth. The findings underscore the critical role of government policies, institutional frameworks, and stakeholder engagement in the success of PPPs. The article concludes with policy recommendations aimed at optimizing the deployment of PPPs to achieve sustainable economic development in underdeveloped regions.

Additional Files

Published

2024-12-30

Issue

Vol. 18 No. 2 (2024): New Horizons

Section

Articles