Christian Tabi Amponsah, Yorkville University, Vancouver Campus, Vancouver, British Columbia, Canada
Ganga M. Bhavani, Manipal University, Dubai, UAE

This paper explores the role of Public-Private Partnerships in building resilient infrastructure in emerging markets and developing economies (EMDES). Changes in the social economic structure over the past several decades have led to radical responses toward the economic development policies of many governments. Policy officials at different levels of government have discovered that greater economic development and resilient economic stability might be reached only if a more active approach toward attracting investment is made. Rather than passively waiting for business interests to seize on new incentives in the taxes, public officials proactively court businesses in an attempt to secure contractual agreements. This policy has come to be known as Public-Private Partnerships (P-P-P). P-P-Ps assume that the public and private sectors can cooperate and create new value and benefit for all concerned parties. The study reviews literature on Emerging and Developing Economies (EADEs), to show how, when and under what conditions P-P-P can be utilized for participating countries. The findings indicate P-P-Ps can contribute significantly to economic growth with proven effective means of bridging gaps between demand and resource, quality, accessibility, risk and benefits. The study concludes that, the ability to share risk with the private sector, tap resources, and profitability from the private-sector investment is contingent to intellectual capital of policy makers, and flexibility in allocating resources.

Keywords: infrastructure, emerging markets, developing economies, public-private-partnerships

Suggested citation: Amponsah, C. T. & Bhavani, G.M. (2019).The role of public-private partnerships in building resilient infrastructure in emerging markets and developing economies.  [Special issue]. Skyline Business Journal, Volume 14, pp 21-32.

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Amponsah, C. T. & Bhavani, G.M. (2019).The role of public-private partnerships in building resilient infrastructure in emerging markets and developing economies.  [Special issue]. Skyline Business Journal, Volume 14, pp 21-32.