Development of public-private partnership in the Republic of Dagestan: problems and prospects

Abstract

Introduction. The modern stage of socio-economic development determines the need to increase the role of public institutions in the management of economic processes, and primarily at the level of territories. In this regard, the role of publicprivate partnership as a mechanism and tool for the implementation of large-scale projects for the development of new territories and infrastructure development is increasing, which determined the relevance of the topic of this study. Objective. To identify the problems of public-private partnership development and determine the prospects for the implementation of projects in this area at the regional level. Materials and methods. The article analyzes the forms and mechanisms of public-private partnership development in the country as a whole, with a focus on the peculiarities of the implementation of this institution of interaction between the state and the private sector in the Republic of Dagestan. The research is based on the methods of observation and statistical analysis, which allowed the authors to obtain relevant information about the state of this sphere and further make conclusions about the prospects of its development. Results and discussion. The current state of the sphere of public-private partnership in the Republic of Dagestan is analyzed, the most popular and directions of realization of interaction between the state and business are revealed. The advantages of public-private partnership as a promising tool for the development of the region are defined, the problems and difficulties on the way of further spread of this form of relationship are revealed. Based on the study of the experience of other regions of the country, the measures to eliminate the problems and prospects for the implementation of the mechanism of public-private partnership for the economy of the Republic of Dagestan have been proposed. Conclusion. According to the results of the study, we can conclude that it is extremely important to further develop the mechanism of public-private partnership for the realization of important infrastructure projects in the Republic of Dagestan.