Why politics of public-private partnerships reinforced economic rationalism during twenty-five years

This chapter examines the economic rationalism of public–private partnerships (PPPs) and the broad impact of PPPs on public service. PPPs are defined here as long_term infrastructure contracts, often involving private finance, where the public sector and the private sector share risks and results. The chapter traces the development of the policy idea of PPPs and the politics of PPPs. The main research questions are: How did PPPs become an influential idea in the narrative of economic rationalism? Why did PPPs emerge as a component in economic rationalism of the last twenty_five years? The chapter proceeds by first focusing on the concept of PPP. Then the chapter traces the policy and politics of PPPs through a twenty_five year period, including covering main theoretical interpretations of the politics of PPP, and contrasts the political idea with key developments in the public sector and in public_private relations. The chapter shows that the policy agenda and the politics surrounding PPPs expanded from a Western policy agenda in the 1990s to a global public policy agenda today.