Key Concepts in Governance provides a clear introduction to the technical concepts and policies of contemporary governance through short definitional essays. Each entry features a snapshot definition of the concept, a contextualization of the concept, an overview of relevant debates, and a guide to further reading. The book also includes a substantial introductory chapter which gives an overview of governance studies as a whole, orientating and guiding the reader around the issues that the concepts address.
Public-private partnerships (PPPs) are relationships between governing institutions and private or voluntary entities. They allocate the burdens of providing resources and taking risks in the provision of public goods and services. They also allocate the rewards to be gained from the provision of these goods and services. PPPs have proved most popular as ways of providing the public with highly complex services or with services that require substantial capital investment. Yet, far from being limited to business ventures, they are found in education, health, transport, technology, and other policy sectors.
Theoretical discussions of PPPs suggest that each actor will provide a particular resource or ability. Advocates suggest, in particular, that they [Page 161]combine the strengths of the private and public sectors. In this view, ...