PUBLIC-PRIVATE PARTNERSHIP (PPPs) IN ECUADOR AND CHINA
Keywords:
Regulation, development of the economy, Definition of PPSAbstract
Nowadays, many developed and developing countries are opening their doors for the application of the public-private partnerships, more commonly known as (PPPs), which is a model that provides a framework for the delivery of public services. The PPPS is a form of collaboration between the public and private sectors for the purpose of providing public services which have been traditionally provided only by the public sector. In countries, such as Ecuador and China, PPPs projects plays a significant role in the development of the economy. This new relationship between public and private sector can bring benefits and limitations. Hence, the importance of studying this new form that different countries have been taking. This paper will first describe the reasons why PPPs start to be used, definition of PPPs, and its characteristics and functions. Followed by, the history of Ecuador PPPS and its legal framework. As well as, the history in China and the characteristics of the PPPs model. Therefore, this paper will analyze the present conditions of this law in Ecuador and the future trends of the PPPs model application in China.
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