Chapter

The Great Experiment: Public–Private Partnerships and Innovation in Design, Production, and Operation of Capital Goods in the UK

Andrew Davies and Ammon Salter

in Flexibility and Stability in the Innovating Economy

Published in print April 2006 | ISBN: 9780199290475
Published online May 2006 | e-ISBN: 9780191603495 | DOI: http://dx.doi.org/10.1093/0199290474.003.0004
 The Great Experiment: Public–Private Partnerships and Innovation in Design, Production, and Operation of Capital Goods in the UK

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Public-Private Partnerships (PPPs) are becoming the key mechanism for the design, production, and operation of capital goods in the UK public sector and elsewhere. This chapter focuses on the central motivations behind the movement towards PPPs, and explores the impact of these new contractual arrangements on innovation in the capital goods sector. The greatest impact of the new arrangements appears to be the emergence of a PPP industry and a new division of labour among private providers and public procurers of capital goods. In addition to its traditional role as designer and builder of systems, the private sector has taken on greater downstream responsibility for the operation and maintenance of systems previously handled in-house by public sector organizations.

Keywords: public-private partnerships; capital goods; innovation; division of labour; design; production

Chapter.  10072 words.  Illustrated.

Subjects: Economic Systems

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