Limited partnership: the lack of sustainable development in relation to participation in Hungarian public–private partnerships

David Regéczi

Business Strategy and the Environment, 2005, vol. 14, issue 4, 205-215

Abstract: Public–private partnerships represent a new form of network governance, potentially offering flexibility, economic efficiencies and non‐governmental participation in policy development. Such partnerships can be viewed in terms of sustainable development, achieving two of its three tenets – economic and social growth. Combining growth and participation has particular appeal in transition economies such as Hungary's, where both need stimulation. However, policy‐making at the national level in Hungary inhibits participation. One key element of partnerships is trust. In transition economies such as Hungary, public‐ and private‐sector actors have not had the time to develop the relationships necessary to create partnerships based on joint decision‐making. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment.

Date: 2005
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