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Issue № 62. June 2017

Decreasing the Risks of Development Volatility by Means of State Participation in Social Projects: The Historical Aspect

Alexander E. Pastukhanov

Graduate student, School of Public Administration, Lomonosov Moscow State University, Moscow, Russian Federation.
E-mail: PastuhanovAE@spa.msu.ru

The article attempts to point out the strategic risks in social projects with public-private investments integration and to suggest the ways of decreasing the influence of the negative factors on the implementation of those projects. Special attention is given to the investigation of the development of the state regulation idea through history, to the assessment of positive and negative sides of state participation. The author details the connection between the economic objectives of the state and the mechanisms of their realization. The existing theoretical approaches and an analysis of the institutional specifics of Russia became the basis for defining strategic risks in common capital investment projects both for the state and the private sector. As a conclusion the author formulates the principles that should become the foundation for modern forms and mechanisms of state participation in public projects.

Keywords

State regulation of economy, public participation mechanisms, types of state participation, risks of public projects, Public Private Partnership, integration of public and private investments.

Comments:
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