Interdependence Between Public and Private Sector in Services - a Regional Development Tool

Constantin Bob and Alina Elena Balalia ()
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Alina Elena Balalia: The Bucharest Academy of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 392-397

Abstract: Starting from some relevant theories regarding the interdependence between the public and private sector, the reality shows that these sectors are connected one with each other, even more by daily activities. Three main key market segments (manufacturing, construction and automotive industries) benefit from the support of both European Commission and the private sector, by Public- Private Partnerships, in order to stimulate the economic recovery after the crisis period. Nowadays, to obtain a strong relationship between the public and private sector the investment should be focused on human resources and mutual technology. Ways of interaction between the two sectors are included in this paper. Among them it can be mentioned government assistance, legislation, joint projects, industrial and community development. The interaction between the two actors could become a regional development tool as long as the state of a developing country, especially, is determined to come up with proactive activities that bring economic transformation and further on, a position in the global economy. These could be achived by promoting public-private alliances, according to local conditions. The cooperation between the state and businesses, by regulations, is of real impact on services. The access of individuals to basic services like primary education, health, water resources, energy represents an important mean in order to eradicate poverty and register progress of the community.

Keywords: regional development; public sector; European Commission (search for similar items in EconPapers)
JEL-codes: H41 R10 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:1:p:392-397

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