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The Routledge Companion to Public-Private Partnerships
A public-private partnership (PPP) is a contractual arrangement with appropriate risk sharing between public and private partners for the delivery of public infrastructure or services, which is intended to create value-for-money to the taxpayer. The Routledge Companion to Public-Private Partnerships provides a cutting-edge survey of the field.
PPPs remain a highly controversial subject matter globally and this comprehensive and authoritative volume provides a terrific compendium of information for students and scholars charged with understanding, critiquing and advancing this model. With sections devoted to legal aspects, institutional economics perspectives, finance and accountability - the editors draw together an impressive range of contributors from around the world.
eBook
Transboundary waters, infrastructure development and public private partnership : through the prism of the Nam Thuen 2 and Xayaburi Hydropower Projects
Public-Private Partnerships (PPPs) have increasingly emerged as a valuable mechanism for drawing in investment and expertise from the private sector to meet public infrastructure needs. PPPs involving transboundary international waters require particular attention given their huge potential for social and environmental impact. 'Transboundary Waters, Infrastructure Development and Public Private Partnership' examines what PPPs are and how they function in the context of transboundary waters. It explains how environmental and social \"safeguards? operate in relation to PPPs and transboundary waters in light of the Nam Theun 2 and the Xayaburi Hydroelectric Power projects in Laos PDR. Finally, it draws important lessons from their contractual arrangements, costs, financing and risk mitigation that are relevant to PPPs in other transboundary waters matters.
Book
Public Private Partnership Contracts
This book provides a comprehensive overview of the law surrounding PPPs in the Middle East and North African region.
The significance of liberalized and integrated Public Private Partnership contracts as an essential component of the world legal and policy order is well documented. The regulation of PPPs is justified economically to allow for competition in the relevant public service and to achieve price transparency, thus resulting in significant savings for the public sector. In parallel to the economic justifications, legal imperatives have also called for the regulation of PPPs in order to allow free movement of goods and services and to prohibit discrimination on grounds of nationality. The need for competitiveness and transparency in delivering public services through PPPs is considered a safeguard to achieve international standards in delivering public utility services. First, it assesses the compatibility of the current PPP legislation and regulation in the MENA region with the international standards of legislation and regulation prevalent in many other countries, including the UK, France and Brazil. Second, it compares the practices in the MENA region with those of international bodies such as the OECD and World Bank. Comparisons are then made between MENA countries and those in Europe and Asia with regard to the influence of culture, policy and legal globalization.
The book will be of interest to scholars and students in the field of international contract law, public law and state contracts, finance law and private law.
eBook
Prohibit, constrain, encourage, or purchase: how should we engage with the private health-care sector?
The private for-profit sector's prominence in health-care delivery, and concern about its failures to deliver social benefit, has driven a search for interventions to improve the sector's functioning. We review evidence for the effectiveness and limitations of such private sector interventions in low-income and middle-income countries. Few robust assessments are available, but some conclusions are possible. Prohibiting the private sector is very unlikely to succeed, and regulatory approaches face persistent challenges in many low-income and middle-income countries. Attention is therefore turning to interventions that encourage private providers to improve quality and coverage (while advancing their financial interests) such as social marketing, social franchising, vouchers, and contracting. However, evidence about the effect on clinical quality, coverage, equity, and cost-effectiveness is inadequate. Other challenges concern scalability and scope, indicating the limitations of such interventions as a basis for universal health coverage, though interventions can address focused problems on a restricted scale.
Journal Article
Private Equity and Physician Medical Practices — Navigating a Changing Ecosystem
In recent years, private-equity firms have emerged as influential players in the health care market, offering a lifeline to smaller groups needing a competitive edge. The growth of private-equity investment has generated intense interest in potential adverse effects.
Journal Article
How attractive is the NHS to private providers?
Have reports of the death of the NHS been greatly exaggerated? Philip Carter reports on the ambitions—and reservations—of the private companies poised for greater involvement in healthcare delivery
Journal Article
Piercing the corporate veil system and creditors protection: Based on the investigation of debt paying ability—Empirical evidence from the 2005 Company Law amendment
This paper uses the difference-in-differences model to research how the “piercing the corporate veil” system marked by the 2005 Company Law amendment affects the level of corporate creditor protection. The research results show that private enterprises and local state-owned enterprises are sensitive and significant to this legal amendment. In contrast, local state-owned enterprises are more sensitive and have a stronger motivation to protect the interests of creditors. The motivation of companies with weaker profitability for creditor protection lasts not only for the year of law revision but also extends to the year of implementation. With the law’s implementation, the growth effect of creditor protection for local state-owned enterprises has become more significant. Further analysis shows that the main findings of this article are more significant in companies with larger debt scales, companies with a higher year-on-year growth rate of operating income, companies with controlling shareholders, and companies with higher stock market capitalization. From an empirical research view, this paper explains the economic effect and mechanism of the whole corporate personality under the complete system and adds economic evidence for how the law acts on the capital market.
Journal Article
Pakistan's health system: performance and prospects after the 18th Constitutional Amendment
Pakistan has undergone massive changes in its federal structure under the 18th Constitutional Amendment. To gain insights that will inform reform plans, we assessed several aspects of health-systems performance in Pakistan. Some improvements were noted in health-systems performance during the past 65 years but key health indicators lag behind those in peer countries. 78·08% of the population pay out of pocket at the point of health care. The private sector provides three-quarters of the health services, and physicians outnumber nurses and midwives by a ratio of about 2:1. Complex governance challenges and underinvestment in health have hampered progress. With devolution of the health mandate, an opportunity has arisen to reform health. The federal government has constitutional responsibility of health information, interprovincial coordination, global health, and health regulation. All other health responsibilities are a provincial mandate. With appropriate policy, institutional, and legislative action within and outside the health system, the existing challenges could be overcome.
Journal Article