Book review: Public-Private Partnerships (PPP) in Emerging Economies by Dr Augustine Arimoro

Abstract

If it is true that the absence of infrastructure has resulted in the decelerated nature of development as well as rendered ineffective many development interventions by multilateral  institutions, then the need for governments and policymakers to explore alternative means (to traditional public procurement) for engaging infrastructural deficits is crucial.  Furthermore, if it is now settled that governments of emerging economies by themselves alone lack the capacity to provide development infrastructure, and Public-Private  Partnerships (PPPs) are a means to support the efforts at providing same, whilst reducing risks and increasing profitability, then a research output which examines how the concept  unravels and is administered in emerging economies is important. Such output will enable conversations into means through which the concept may be deployed for development  while reflecting on the gaps in legal frameworks and institutions that make implementation very difficult. There could be no better time for the discussions in this book, as more  Emerging Markets and Developing Economies (EMDE) now than ever, have begun to appreciate the extents to which their development aims have been undermined by the  absence of infrastructure, and the need to tap private capital to respond to the issue.