What are the implications of public-private partnerships in governance? 🔊
Public-private partnerships (PPPs) have significant implications for governance, particularly in service provision and infrastructure development. By leveraging private sector efficiency and innovation, PPPs can enhance public service delivery, reduce costs, and expedite project implementation. However, they also raise concerns about accountability and equity, as profit motives may compromise public interests. Thus, establishing clear governance frameworks that ensure transparency and align objectives with societal needs is essential for the success of PPPs and for maintaining public trust.
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