Globalization and Infrastructure: New Trends in the State and Business Cooperation

Abstract

The study focuses on the contemporary features in the development of infrastructure networks. This field becomes attractive for public-private partnership (PPP), including those with foreign capital participation. A new form of the state and TNC cooperation is evolving as an indispensable factor of improving national economies efficiency in the global context. The economic role of the state is obviously growing even when its share in companies’ capital is reduced.

Business Community and Authorities: Constitutional and Legal Forms of Relationship

“…9 In taxation, for example, a presumption of a taxpayer's fidelity is a private case of the state's obligation to trust companies. 10 Private and public partnership has become an applied economic and legal mechanism. Although there is no federal law on private and public partnership, it is constituted in regional legislation and municipal legal acts primarily in public and legal format.…”