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This monograph highlights the benefits of public-private partnerships (PPP) for Sub-Saharan Africa. By studying the intertwinement of mainstream and Islamic finance, the author shows how PPPs have emerged as a viable and efficient organizational vehicle for fair rules of economic cooperation where the trade-offs between profit maximization and social justice values required by Islamic finance occur within the organization.
The book shows the assumptions under which such compromise is beneficial to all parties, including public entities, multicultural societies and private Islamic and conventional investors. It places particular emphasis on changing the principle of allocating public resources in the uncertain legal and economic environment of the region discussed. Given the cultural idiosyncrasies, political instability, and socio-economic turmoil but high development potential in Sub-Saharan Africa, PPPs with a heterodox approach may prove to be a game-changer in the region and a platform to find a compromise between the interests of various types of investors.
List of contents
Introduction.- Development of Public-private Partnerships (PPPs) in Diversified Economic Areas.- Public-private Partnership in the Light of Risk and Public Finance Theories.- Heterodox Approach to Public-private Partnership (PPP).- Determinants of the Attractiveness of a Public-private Partnership in a Heterodox Perspective.- Example of Investments in the Formula of Public-private Partnership Using the Heterodox Perspective.- Conclusion: Heterodox Approach to Public-private Partnership.- References.
About the author
Hanna Kociemska is an Assistant Professor at the Department of Finance of the Wrocław University of Economics in Poland. Her research focuses on public-private partnerships, financing of entities in the public finance sector and the management of investment projects, particularly in health care. She has received numerous national and international awards, including the Minister of Science and Higher Education’s Award for her doctoral thesis as well as international postdoctoral fellowships at universities in the USA, Republic of South Africa, and Scotland. Most of her scientific publications address public-private partnerships, local development financing, risk in conventional finance theory and Islamic finance, as well as intellectual capital valuation in public finance sector entities.
Summary
This monograph highlights the benefits of public-private partnerships (PPP) for Sub-Saharan Africa. By studying the intertwinement of mainstream and Islamic finance, the author shows how PPPs have emerged as a viable and efficient organizational vehicle for fair rules of economic cooperation where the trade-offs between profit maximization and social justice values required by Islamic finance occur within the organization.
The book shows the assumptions under which such compromise is beneficial to all parties, including public entities, multicultural societies and private Islamic and conventional investors. It places particular emphasis on changing the principle of allocating public resources in the uncertain legal and economic environment of the region discussed. Given the cultural idiosyncrasies, political instability, and socio-economic turmoil but high development potential in Sub-Saharan Africa, PPPs with a heterodox approach may prove to be a game-changer in the region and a platform to find a compromise between the interests of various types of investors.
