Turkey's public-private partnership experience: a political economy perspective
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Date
2023
Authors
Ustuner, Yilmaz
Journal Title
Journal ISSN
Volume Title
Publisher
Routledge Journals, Taylor & Francis Ltd
Abstract
Public-private partnerships (PPP) are the contractual arrangements between public and private parties to deliver infrastructure and services in which costs, risks, and benefits are shared. Good governance of PPPs, traditionally associated with an effective regulatory and institutional framework, appropriate risk-sharing, competitive and transparent procurement have recently been broadened to include citizens' perspectives. Turkey uses PPPs to deliver public infrastructures such as airports, energy plants, highways, bridges, and hospitals. Our first section into Turkey's PPP experience explores how the partnership between state and capital is instituted. We reveal nine crucial governance problems: Complexities of megaprojects, fragmented legal and regulatory framework, weak institutional capacity, risk-sharing discrepancies, poor value for money, non-affordable public services, lack of transparency, limited accountability, and disregard for environmental sustainability. We maintain that a deeper understanding of PPPs requires complementing this governance analysis with insights from critical political economy. Accordingly, we draw a critical political economy framework to explain why, when, and how PPPs in Turkey are utilized in our second section. We underline the neoliberal transformation and financialized capital accumulation dynamics. We argue that PPP projects have fuelled the construction-led economic growth model, distributed resources to pro-government capital groups, and reproduced political power in Turkey.
Description
Keywords
Financialization, Governance, Dynamics, Projects, Lessons, Financialization, Governance, Public-private partnership, Dynamics, governance, Projects, political economy, Lessons, Turkey
Turkish CoHE Thesis Center URL
Citation
5
WoS Q
Q2
Scopus Q
Q1
Source
Southeast European and Black Sea Studies
Volume
23
Issue
1
Start Page
115
End Page
138