PUBLIC-PRIVATE PARTNERSHIPS (PPPS) TOWARDS ACHIEVING THE SUSTAINABLE DEVELOPMENT GOALS (SDGS) IN THE REPUBLIC OF NORTH MACEDONIA

Authors

  • Elizabeta HAMMOND

DOI:

https://doi.org/10.17740/eas.econ.2024-V37-07

Keywords:

Public-private partnerships, evaluation, efficiency, transparency, SDGs

Abstract

Public-private partnerships (PPPs) are essential for achieving the 2030 Sustainable Development Agenda's goals, including poverty reduction, climate action, and fostering prosperity and justice. By combining resources and expertise from both sectors, PPPs promote innovation, efficiency, and sustainability. They offer a comprehensive approach to addressing the interconnected challenges of the Sustainable Development Goals (SDGs) through collaboration, adaptable governance, and capacity building. Meanwhile, rapid technological advancements, particularly in artificial intelligence (AI), are driving significant disruptions and creating new markets. However, addressing the challenges posed by these advancements is crucial for maximizing their benefits. This paper underscores the critical role of transparency and accountability in evaluating the success of Public-Private Partnerships (PPPs) in North Macedonia. Emphasizing detailed evaluation methods can enhance partnership development, improve outcomes, and advance sustainable development goals. The paper aims to assess PPP effectiveness in North Macedonia and explore potential synergies between artificial intelligence (AI) and PPPs to innovate novel models capable of swiftly addressing global disruptions. Evaluation follows the framework outlined by Buse & Tanaka (2011) for evaluating Global Public-Private Health Partnerships, drawing lessons from ten years of experience and assessing three distinct PPPs. Based on the findings of this study, there's room for enhancing the efficiency and transparency of Public-Private Partnerships (PPPs) in North Macedonia. This could lead to a clearer comprehension of the effectiveness of current partnerships and identify areas for enhancement. Consequently, future research should prioritize exploring topics such as PPPs' transparency, contract execution methods, usage of AI and tendering processes.

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Published

2024-11-08

Issue

Section

Development Economics