Benefits of state-private partnership for the state

Currently, within the framework of economic globalization, the tendency to intensify relations between the state and private business in the direction of capital penetration into the sphere of state property is growing. In this connection, the constructive interaction of business and state institutions is an indispensable condition for the normal functioning of a market economy. In the modern understanding, the partnership between the state and business represents an institutional and organizational union between the state and private companies, banks, international financial organizations and other institutions with a view to implementing socially significant projects. The nature of this interaction, methods and specific forms can vary significantly depending on the maturity and national characteristics of market relations. At the same time, the state is never free from carrying out its socially responsible functions related to national interests, and business is always a source and accelerator of the process of increment of social wealth.