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Public–Private Partnerships as a Mechanism of Financing Sustainable Development

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Financing Sustainable Development

Part of the book series: Palgrave Studies in Impact Finance ((SIF))

Abstract

While the obstacles to supporting sustainable development include financial barriers, the goals of sustainable development are being pursued by separate small-scale and narrow private entrepreneurial initiatives within corporate responsibility and own commercial interests and by strictly limited (due to a deficit of financial resources) and ineffective (due to the inflexibility of management) national initiatives in the public interest. Our working hypothesis is that public–private partnership is a perspective mechanism of financing sustainable development, as it allows for harmonizing private and public interests, unifying entrepreneurial and government investments, and developing highly effective and full-scale implementation of initiatives in the sphere of sustainable development. We substantiate and develop practical recommendations for successful usage of public–private partnership as a mechanism of financing sustainable development. Flexibility and variability of the mechanism of public–private partnership ensures its applicability to any project in the sphere of sustainable development. A proprietary conceptual model of financing sustainable development by public–private partnership offers practical solutions to become a conceptual basis and framework practical guide for application of public–private partnership as a mechanism of financing sustainable development.

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Authors and Affiliations

  1. Davis Center for Russian and Eurasian Studies, Harvard University, Cambridge, MA, USA

    Bruno S. Sergi

  2. Plekhanov Russian University of Economics, Moscow, Russia

    Elena G. Popkova

  3. Rostov State University of Economics, Rostov-on-Don, Russia

    Kseniya V. Borzenko & Natalia V. Przhedetskaya

Authors
  1. Bruno S. Sergi
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  2. Elena G. Popkova
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  3. Kseniya V. Borzenko
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  4. Natalia V. Przhedetskaya
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Corresponding author

Correspondence to Bruno S. Sergi .

Editor information

Editors and Affiliations

  1. Faculty of Economics and Management, University of Szczecin, Szczecin, Poland

    Magdalena Ziolo

  2. Davis Center for Russian and Eurasian Studies, Harvard University, Cambridge, MA, USA

    Bruno S. Sergi

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Sergi, B.S., Popkova, E.G., Borzenko, K.V., Przhedetskaya, N.V. (2019). Public–Private Partnerships as a Mechanism of Financing Sustainable Development. In: Ziolo, M., Sergi, B.S. (eds) Financing Sustainable Development. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-16522-2_13

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  • DOI: https://doi.org/10.1007/978-3-030-16522-2_13

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-16521-5

  • Online ISBN: 978-3-030-16522-2

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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