THE PUBLIC-PRIVATE PARTNERSHIP MECHANISM AS THE BASIS OF INNOVATIVE DEVELOPMENT IN THE CONDITIONS OF INDUSTRY 4.0
DOI:
https://doi.org/10.51547/ppp.dp.ua/2024.6.6Keywords:
public-private partnership, mechanism, innovative development, fourth industrial revolution, Industry 4.0, digitalization, business and state, sustainable developmentAbstract
In the article we consider the mechanism of public-private partnership (PPP), which is an important tool for ensuring innovative development in the conditions of Industry 4.0. Nowadays, when technological processes are rapidly changing, automation of production and digitalization are becoming the main drivers of economic progress, it is important to effectively integrate the resources of the state and the private sector to achieve high results in the development of innovations. PPP in the context of Industry 4.0 encompasses the interaction between state structures, private enterprises, scientific institutions and educational organizations, which contributes to the development of new technologies and business models. The main tasks of the PPP mechanism are to optimize the financing of innovations, reduce risks for private investors, and create a favorable legal and regulatory environment for the development of new technologies. In addition, an important aspect is the development of research and technology clusters, which allow accelerating innovation processes through effective interaction between all partners. The PPP mechanism also helps to solve problems such as financing innovative startups, creating favorable conditions for technology transfer and commercialization of research results. Industry 4.0 involves the use of innovative technologies such as the Internet of Things (IoT), artificial intelligence (AI), big data, robotics, which require large investments in research and infrastructure. In this context, PPP acts as an effective mechanism for attracting investments, co-financing large innovation projects, as well as for implementing strategic initiatives that include the development of new technologies, the implementation of digital solutions, and the training of qualified personnel. The implementation of an effective PPP mechanism in the context of Industry 4.0 can significantly increase the competitiveness of the national economy, promote the development of new high-tech enterprises and job creation, as well as ensure sustainable development in a global competitive environment. Therefore, the development and improvement of public-private partnership mechanisms is a necessary condition for the successful transformation of the economy in the era of Industry 4.0.
References
Avksentyev, M. Yu. (2010). Derzhavno-pryvatne partnerstvo yak suchasnyy mekhanizm zaluchennya investytsiy v infrastrukturni haluzi Ukrayiny. [Public-private partnership as a modern mechanism for attracting investments in the infrastructure sectors of Ukraine]. (Doctoral dissertation, special 08.00. 03 "Economics and management of the national economy" / M.Yu. Avksentyev).
Muzychenko, A. S., & Berzhanir, A. L. (2013). Derzhavno-pryvatne partnerstvo yak instytut vzayemodiyi vlady ta biznesu. [Public-private partnership as an institution of government-business interaction]. Economic Space, No. 75. P. 100-108.
Velkov, V. (2010). Derzhavno-pryvatne partnerstvo yak mekhanizm vzayemodiyi vlady ta biznesu. [Public-private partnership as a mechanism of government-business interaction.]. Current problems of public administration, (3 (2)), 38-42.
Tarash, L. I., & Petrova, I. P. (2014). Mekhanizm realizatsiyi partnersʹkoyi vzayemodiyi derzhavy i pryvatnoho sektoru. [Mechanism for implementing partnership interaction between the state and the private sector]. Bulletin of Economic Science of Ukraine. 2014. No. 2. P. 140-153.
Yermilov, S. F. (2011). Osoblyvosti formuvannya instytutu derzhavno-pryvatnoho partnerstva. [Peculiarities of the formation of the institution of public-private partnership]. State and regions. Series: State administration, (4), 92-95.
Kryshtanovych M.F., (2024), Koruptsiyni ryzyky v derzhavno-pryvatnomu partnerstvi: vyklyky y naslidky. [Corruption risks in public-private partnership: challenges and consequences]. Printed magazine. Current issues in modern science (Public Administration Series), 6(24). pp. 239-247 [in Ukrainian].
Muzychenko, A. S., & Berzhanir, A. L. (2013). Modeli vzayemodiyi vlady ta biznesu v umovakh rynkovoyi ekonomiky. [Models of interaction between government and business in a market economy]. Sustainable development of the economy, (4), 24-28.
Aparov, A. M., & Yatsenko, A. V. (2015). Derzhavno-pryvatne partnerstvo yak osoblyva pravova forma spivpratsi derzhavy z pryvatnym biznesom. [Public-private partnership as a special legal form of cooperation between the state and private business]. Foreign trade: economics, finance, law, (4), pp. 27-35.
Zhezhukha, V. Y. (2008). Stymulyuvannya innovatsiynoyi diyalʹnosti: yevropeysʹkyy dosvid. [Stimulation of innovative activity: European experience]. Visn. Nats. un-tu «Lʹviv. politekhnika, (638), 229-235 [in Ukrainian].
Kruhlov V. (2013). Derzhavno-pryvatne partnerstvo: istorychnyy aspect. [State-private partnership: historical aspect]. / V. Kruhlov. // Publichne administruvannya: teoriya ta praktyka. Vyp. 2/6 [in Ukrainian].
Kruhlov, V. V. (2020). Mekhanizmy derzhavnoho rehulyuvannya rozvytku derzhavno-pryvatnoho partnerstva v Ukrayini. [Mechanisms of state regulation of the development of public-private partnership in Ukraine]. 2020. URL: https://ipa. karazin. ua/wpcontent/themes/kbuapa/filesforpages/science/kvv_dis_20202606. pdf, 52 [in Ukrainian].
Stanishevsʹkyy, V. (2020). Henezys stanovlennya ta rozvytku derzhavno-pryvatnoho partnerstva u sferi ekonomiky. [The genesis of the formation and development of public-private partnership in the field of economy]. Publichne uryaduvannya, (5 (25)), 244-255 [in Ukrainian].
