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Model of Socioeconomic Development Based on Market Economy and Public-Private Partnership (PPP) Mechanism: Key Approaches and Terms for Implementation
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Author(s): Alexey Zeldner (Institute of Economics of the Russian Academy of Sciences, Russia), Vladimir Osipov (MGIMO University, Russia & Market Economy Institute of the Russian Academy of Sciences, Russia)and Tatiana Skryl (Plekhanov Russian University of Economics, Russia)
Copyright: 2019
Pages: 19
Source title:
Global Trends of Modernization in Budgeting and Finance
Source Author(s)/Editor(s): Denis Ushakov (Suan Sunandha Rajabhat University, Thailand)
DOI: 10.4018/978-1-5225-7760-7.ch012
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Abstract
This chapter systematizes the main components of the socio-market model of the economy. Its basis is formed by market economy and public-private partnership as the mechanism stimulating the attraction of private investments. Using the opportunities of the market economy and PPP mechanism creates a real opportunity for the formation of a new model of socio-market economy. This model does not imply the weakening the role of the state and infringement of democracy as such, but rather strengthening of institutions and PPP mechanisms with the aim to attract private investments and improve social relations at the same time. This chapter is thus aimed at revealing the main elements of this socioeconomic model along with the theoretical, methodological, and practical aspects of its main components: the market economy and the PPP mechanisms.
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