Public-private partnership as the mechanism of the territories economic modernization: theoretical and methodological foundations

The article dwells on the issues concerning state-business interaction essential to economic modernization, defining public-private partnership (PPP) as one of its forms. The article describes the experience of Central and East European countries, as well as of the Vologda Oblast, which is one of the regions of the Russian Federation, with regard to the implementation of investment projects within the PPP framework. The role of the state in improving partnership efficiency is revealed.