Privatization and Concession as Promising Forms of Interaction between the State and Business: Foreign and Russian Experience

Zaur Medzhidov

doi:10.21603/2500-3372-2022-7-3-354-366

VAK Russia 5.2.7

PRIVATIZATION AND CONCESSION AS PROMISING FORMS OF INTERACTION BETWEEN THE STATE AND BUSINESS: FOREIGN AND RUSSIAN EXPERIENCE Privatization and Concession as Promising Forms of Interaction between the State and Business: Foreign and Russian Experience

АА Аа

Published in Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences · Volume 7, Issue 3 · Pages 354–366 · Rubric: Economics and Management: Theory and Practice

DOI: https://doi.org/10.21603/2500-3372-2022-7-3-354-366 · EDN: YDDPDG

Received: 26.03.2022 Accepted: 27.06.2022 Published: 15.08.2022

Authors

Zaur Medzhidov

ORCID

Zaur Medzhidov

Academic degree: candidate of economic sciences

Dagestan Federal Research Center Research Fellow · Institute of Social and Economic Research · Russian Federation · Makhachkala

ORCID

ABSTRACT

The mechanism of public and private partnership has developed in Western countries as a result of socially significant investment projects. It represents a new, liberal stage of state regulation of the economy. This investment mechanism is also possible in Russia, especially in those areas where private investment provides a sustainable vector for the equilibrium growth of the economic system, leaving control functions to the state. Russian regions require various tools to assess their economic potential, socio-economic development, financial balance, and competitive conditions in the domestic and world markets. Such tools ensure an active federal policy and the economic integrity of the country. The authors explored foreign and domestic experience of privatization and concessions as promising forms of interaction between the state and the business. The research employed such standard methods as synthesis, comparison, statistical analysis, systemic and graphical analysis, etc. The article describes the system of public and private partnership in the sphere of social and industrial infrastructure facilities with their fundamental differences, contact points, advantages, and disadvantages. The review showed that concession is the most popular and attractive form of relationship between the state and business in modern conditions, both abroad and in Russia.

KEYWORDS

privatization, concession, infrastructure projects, comparative analysis, interaction between the state and business, application practice

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GOST

Medzhidov Z. U. Privatization and Concession as Promising Forms of Interaction between the State and Business: Foreign and Russian Experience // Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences. 2022. no. 3. pp. 354-366. DOI: https://doi.org/10.21603/2500-3372-2022-7-3-354-366. EDN: YDDPDG. (Date of access 30.10.2026).

MLA

Zaur Medzhidov. "Privatization and Concession as Promising Forms of Interaction between the State and Business: Foreign and Russian Experience." Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences 7.3 (2022): 354-366. DOI: https://doi.org/10.21603/2500-3372-2022-7-3-354-366. EDN: YDDPDG.

APA

Medzhidov Z. U. (2022). Privatization and Concession as Promising Forms of Interaction between the State and Business: Foreign and Russian Experience. Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences, 7(3), 354-366. https://doi.org/10.21603/2500-3372-2022-7-3-354-366 EDN: YDDPDG.

Chicago

Zaur Medzhidov. "Privatization and Concession as Promising Forms of Interaction between the State and Business: Foreign and Russian Experience." Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences 7, no. 3 (2022): 354-366. https://doi.org/10.21603/2500-3372-2022-7-3-354-366. EDN: YDDPDG.

WIKI

{{cite journal | author = Medzhidov Z. U. | title = Privatization and Concession as Promising Forms of Interaction between the State and Business: Foreign and Russian Experience | journal = Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences | year = 2022 | volume = 7 | issue = 3 | pages = 354-366 | doi = 10.21603/2500-3372-2022-7-3-354-366 }} EDN: YDDPDG

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PRIVATIZATION AND CONCESSION AS PROMISING FORMS OF INTERACTION BETWEEN THE STATE AND BUSINESS: FOREIGN AND RUSSIAN EXPERIENCE Privatization and Concession as Promising Forms of Interaction between the State and Business: Foreign and Russian Experience

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