IDEAS home Printed from https://ideas.repec.org/a/bjc/journl/v10y2023i8p312-331.html
   My bibliography  Save this article

Review of Successful Global Public-Private Partnerships: Extracting key Strategies for Effective U.S. Financial Collaborations

Author

Listed:
  • Bisola Beatrice Oguejiofor

    (Independent Researcher, Lagos, Nigeria)

  • Ngozi Samuel Uzougbo

    (The Ohio State University, USA)

  • Abosede Olusade Kolade

    (Department of Marketing and Bus., Texas A&M University, Commerce Texas, USA)

  • Ahmed Raji

    (Greenlight Planet (Sun King Solar), Nigeria)

  • Chibuike Daraojimba

    (Graduate School of Technology Management, University of Pretoria, South Africa)

Abstract

Public-Private Partnerships (PPPs) have emerged as vital mechanisms for driving economic and infrastructural growth, offering a collaborative model that leverages the strengths of both the public and private sectors. This paper delves into the intricacies of PPPs, focusing on their evolution, global trends, applications in the U.S. financial landscape, and future directions. The U.S. PPP landscape, characterized by its unique political, economic, and social context, is influenced by various factors including governance, performance management, and the evolving public sector needs. Drawing on international experiences, the paper highlights potential sectors in the U.S. ripe for PPPs, such as infrastructure development, urban infrastructures, and state investment banks, among others. The work underscores the significance of understanding and adapting successful global strategies to the U.S. context, emphasizing that insights from global PPP successes can inform and optimize domestic efforts. However, challenges specific to the U.S., such as political and regulatory barriers and public perception of PPPs, warrant careful consideration. Addressing these challenges requires a multifaceted approach, encompassing strengthened legal frameworks, active citizen participation, and the adoption of best practices from successful global PPP models. The paper anticipates a dynamic evolution of PPPs, influenced by technological advancements, socio-political changes, and emerging economic needs by forecasting future trends based on current global shifts. Recommendations are provided to bolster U.S. involvement, leadership, and innovation in this domain to position the U.S. as a global leader in PPPs. The paper culminates in emphasizing the transformative potential of PPPs in driving U.S. economic and infrastructural growth, while highlighting the paramount importance of a globally informed and adaptive approach to ensure the long-term success and sustainability of PPP initiatives.

Suggested Citation

  • Bisola Beatrice Oguejiofor & Ngozi Samuel Uzougbo & Abosede Olusade Kolade & Ahmed Raji & Chibuike Daraojimba, 2023. "Review of Successful Global Public-Private Partnerships: Extracting key Strategies for Effective U.S. Financial Collaborations," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 10(8), pages 312-331, August.
  • Handle: RePEc:bjc:journl:v:10:y:2023:i:8:p:312-331
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijrsi/digital-library/volume-10-issue-8/312-331.pdf
    Download Restriction: no

    File URL: https://rsisinternational.org/journals/ijrsi/articles/review-of-successful-global-public-private-partnerships-extracting-key-strategies-for-effective-u-s-financial-collaborations/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Yanhong Liang & Hongdi Wang, 2019. "Sustainable Performance Measurements for Public–Private Partnership Projects: Empirical Evidence from China," Sustainability, MDPI, vol. 11(13), pages 1-15, July.
    2. Robert Osei-Kyei & Albert P. C. Chan & Yao Yu & Chuan Chen & Yongjian Ke & Bashir Tijani, 2019. "Social Responsibility Initiatives for Public-Private Partnership Projects: A Comparative Study between China and Ghana," Sustainability, MDPI, vol. 11(5), pages 1-14, March.
    3. Mariana Mazzucato & Caetano C.R. Penna, 2016. "Beyond market failures: the market creating and shaping roles of state investment banks," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 19(4), pages 305-326, October.
    4. Velaga, Nagendra R. & Beecroft, Mark & Nelson, John D. & Corsar, David & Edwards, Peter, 2012. "Transport poverty meets the digital divide: accessibility and connectivity in rural communities," Journal of Transport Geography, Elsevier, vol. 21(C), pages 102-112.
    5. Mary Lee Rhodes & Lucia Biondi & Ricardo Gomes & Ana I. Melo & Frank Ohemeng & Gemma Perez‐Lopez & Andrea Rossi & Wayhu Sutiyono, 2012. "Current state of public sector performance management in seven selected countries," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 61(3), pages 235-271, March.
    6. Jennifer M. Brinkerhoff & Derick W. Brinkerhoff & Derick W. Brinkerhoff & Jennifer M. Brinkerhoff, 2011. "Public–private partnerships: Perspectives on purposes, publicness, and good governance," Public Administration & Development, Blackwell Publishing, vol. 31(1), pages 2-14, February.
    7. Pascual Berrone & Joan Enric Ricart & Ana Isabel Duch & Valeria Bernardo & Jordi Salvador & Juan Piedra Peña & Miquel Rodríguez Planas, 2019. "EASIER: An Evaluation Model for Public–Private Partnerships Contributing to the Sustainable Development Goals," Sustainability, MDPI, vol. 11(8), pages 1-25, April.
    8. Mari-Isabella Stan & Tanase Tasente & Mihaela Rus, 2023. "Challenges and opportunities regarding the COVID-19 pandemic on urban mobility in Constanta, Romania," Technium Social Sciences Journal, Technium Science, vol. 42(1), pages 1-14, April.
    9. repec:eme:jal000:j.acclit.2017.11.001 is not listed on IDEAS
    10. Zhansheng Liu & Yueyue Jiao & Anxiu Li & Ximei Liu, 2021. "Risk Assessment of Urban Rail Transit PPP Project Construction Based on Bayesian Network," Sustainability, MDPI, vol. 13(20), pages 1-23, October.
    11. Feiran Liu & Jun Liu & Xuedong Yan, 2018. "Quantifying the Decision-Making of PPPs in China by the Entropy-Weighted Pareto Front: A URT Case from Guizhou," Sustainability, MDPI, vol. 10(6), pages 1-16, May.
    12. David Baxter & Carter B. Casady, 2020. "Proactive and Strategic Healthcare Public-Private Partnerships (PPPs) in the Coronavirus (Covid-19) Epoch," Sustainability, MDPI, vol. 12(12), pages 1-8, June.
    13. Mary Lee Rhodes & Lucia Biondi & Ricardo Gomes & Ana I. Melo & Frank Ohemeng & Gemma Perez‐Lopez & Andrea Rossi & Wayhu Sutiyono, 2012. "Current state of public sector performance management in seven selected countries," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 61(3), pages 235-271, March.
    14. Sholoiko, Antonina, 2017. "The Development Of European Insurance Market Infrastructure," EUREKA: Social and Humanities, Scientific Route OÜ, issue 6, pages 3-7.
    15. Ward, Melanie & Schulz, Amy J. & Israel, Barbara A. & Rice, Kristina & Martenies, Sheena E. & Markarian, Evan, 2018. "A conceptual framework for evaluating health equity promotion within community-based participatory research partnerships," Evaluation and Program Planning, Elsevier, vol. 70(C), pages 25-34.
    16. David Hay & Carolyn Cordery, 2017. "The value of public sector audit: Literature and history," Journal of Accounting Literature, Emerald Group Publishing Limited, vol. 40(1), pages 1-15, November.
    17. Hadi Sarvari & Alireza Valipour & Nordin Yahya & Norhazilan MD Noor & Michael Beer & Nerija Banaitiene, 2019. "Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners’ Overview," Administrative Sciences, MDPI, vol. 9(1), pages 1-18, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stella Pfisterer & Rob Van Tulder, 2020. "Navigating Governance Tensions to Enhance the Impact of Partnerships with the Private Sector for the SDGs," Sustainability, MDPI, vol. 13(1), pages 1-17, December.
    2. David Tremblay & Claude Villeneuve & Patrick Faubert, 2025. "Alignment of the 2030 Agenda to the port industry," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(1), pages 69-83, February.
    3. Groth, Sören, 2019. "Multimodal divide: Reproduction of transport poverty in smart mobility trends," Transportation Research Part A: Policy and Practice, Elsevier, vol. 125(C), pages 56-71.
    4. Steffen S. Bettin, 2020. "Electricity infrastructure and innovation in the next phase of energy transition—amendments to the technology innovation system framework," Review of Evolutionary Political Economy, Springer, vol. 1(3), pages 371-395, November.
    5. Sylvester Ngome Chisika & Chunho Yeom, 2021. "Enhancing Sustainable Management of Public Natural Forests Through Public Private Partnerships in Kenya," SAGE Open, , vol. 11(4), pages 21582440211, October.
    6. Sovacool, Benjamin K. & Walter, Götz & Van de Graaf, Thijs & Andrews, Nathan, 2016. "Energy Governance, Transnational Rules, and the Resource Curse: Exploring the Effectiveness of the Extractive Industries Transparency Initiative (EITI)," World Development, Elsevier, vol. 83(C), pages 179-192.
    7. Farhad Hossain & Anthony Sumnaya Kumasey & Derek Eldridge & Foteini Kravariti & Justice Nyigmah Bawole, 2018. "Paradox of public sector capacity building: Lessons from MATT2 UK–Bangladesh co‐operation," Development Policy Review, Overseas Development Institute, vol. 36(6), pages 689-702, October.
    8. Torabi, Zabih-Allah & Rezvani, Mohammad Reza & Hall, C. Michael & Allam, Zaheer, 2023. "On the post-pandemic travel boom: How capacity building and smart tourism technologies in rural areas can help - evidence from Iran," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    9. Alisa Moldavanova & Tamaki Onishi & Stefan Toepler, 2023. "Civil society and democratization: The role of service‐providing organizations amid closing civic spaces," Public Administration & Development, Blackwell Publishing, vol. 43(1), pages 3-13, February.
    10. Lindsey M. Bier & Candace L. White, 2021. "Cultural diplomacy as corporate strategy: an analysis of Pasona Group’s “New Tohoku” program in Japan," Place Branding and Public Diplomacy, Palgrave Macmillan, vol. 17(2), pages 180-192, June.
    11. Carl Deschamps & Jan Mattijs, 2015. "Anatomy of a performance management system: the elusive path from targets to productivity," Working Papers CEB 15-037, ULB -- Universite Libre de Bruxelles.
    12. Roehrich, Jens K. & Lewis, Michael A. & George, Gerard, 2014. "Are public–private partnerships a healthy option? A systematic literature review," Social Science & Medicine, Elsevier, vol. 113(C), pages 110-119.
    13. Rustad, Siri Aas & Le Billon, Philippe & Lujala, Päivi, 2017. "Has the Extractive Industries Transparency Initiative been a success? Identifying and evaluating EITI goals," Resources Policy, Elsevier, vol. 51(C), pages 151-162.
    14. Clò, Stefano & Frigerio, Marco & Vandone, Daniela, 2022. "Financial support to innovation: The role of European development financial institutions," Research Policy, Elsevier, vol. 51(10).
    15. Pranjal Kumar & Pratima Ekka, 2024. "Statistical analysis of the impacts of COVID-19 pandemic on the small and large-scale tourism sectors in developing countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(4), pages 9625-9659, April.
    16. Pavel Cudlin & Alessandro Muolo & Kostas Rontos & Luca Salvati, 2025. "Von Thunen Revisited? An Econometric Analysis of Metropolitan Expansion and Land-Use Change in Greece," Journal of Agricultural, Biological and Environmental Statistics, Springer;The International Biometric Society;American Statistical Association, vol. 30(2), pages 491-516, June.
    17. Francisco Guilherme NUNES & Luis Manuel MARTINS & Juan MOZZICAFREDDO, 2018. "The Influence Of Service Climate, Identity Strength, And Contextual Ambidexterity Upon The Performance Of Public Organizations," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2018(31), pages 6-20, December.
    18. Janssen, Matthijs J. & Abbasiharofteh, Milad, 2022. "Boundary spanning R&D collaboration: Key enabling technologies and missions as alleviators of proximity effects?," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    19. D’Orazio, Paola & Valente, Marco, 2019. "The role of finance in environmental innovation diffusion: An evolutionary modeling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 417-439.
    20. Rodríguez, Rocío & Svensson, Göran & Ferro, Carlos, 2021. "Assessing the future direction of sustainable development in public hospitals: Time-horizon, path and action," Health Policy, Elsevier, vol. 125(4), pages 526-534.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjc:journl:v:10:y:2023:i:8:p:312-331. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Renu Malsaria (email available below). General contact details of provider: https://rsisinternational.org/journals/ijrsi/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.