Part­ner­ship for De­vel­op­ment

The for­ma­tion of a new co­op­er­a­tion par­a­digm be­tween the state and busi­ness in the in­no­va­tion field is es­sen­tial for Be­larus’ par­tic­i­pa­tion in global eco­nomic pro­cesses

Economy of Belarus - - IN THE SPOTLIGHT - Igor VOITOV, Chair­man of the State Com­mit­tee for Science and Tech­nol­ogy of Be­larus, Doc­tor of En­gi­neer­ing, Irina NOVIKOVA, Head of the Eco­nom­ics Divi­sion of the Pub­lic Ad­min­is­tra­tion Academy un­der the aegis of the Pres­i­dent of the Repub­lic of Be­larus, Do

Part­ner­ship Era

the glob­al­iza­tion of the world econ­omy is chang­ing the es­tab­lished per­cep­tion of the gov­ern­ment reg­u­la­tion and is push­ing for the trans­for­ma­tion of its model all around the world. this ne­ces­si­tates the de­vel­op­ment of a new form of eco­nomic de­vel­op­ment - the pub­lic-pri­vate part­ner­ship (PPP) that has been em­braced by de­vel­oped coun­tries as an efficient mech­a­nism to pro­mote in­no­va­tive de­vel­op­ment.

French re­searcher Lau­rent Fabius be­lieves that the 21st cen­tury will see the emer­gence of the part­ner­ship era when the part­ner- state will take the place of the mas­ter­state mak­ing a coun­try’s ad­vance­ment more efficient and open. In the time of glob­al­iza­tion and emer­gence of the geo-econ­omy, the mu­tual pen­e­tra­tion of in­ter­na­tional com­mod­ity and fi­nan­cial flows and man­u­fac­tur­ing sys­tems, as well as in­te­gra­tion of mar­kets and fi­nan­cial struc­tures changes the eco­nomic en­vi­ron­ment and con­se­quently the par­a­digm of the pub­lic-pri­vate re­la­tions.

Amer­i­can sci­en­tist Robert Heil­broner iden­ti­fied three stages of the de­vel­op­ment of pub­lic-pri­vate re­la­tions: at first, the state acts as a pa­tron, then as a mod­er­a­tor, and fi­nally as a guar­an­tor. The anal­y­sis of the eco­nomic reg­u­la­tion mod­els in de­vel­oped coun­tries re­veals that the eco­nomic glob­al­iza­tion has brought to life the third phase which will re­sult in the for­ma­tion of the geo-econ­omy.

Glob­al­iza­tion shapes the global eco­nomic en­vi­ron­ment and de­ter­mines the trans­for­ma­tions of na­tional economies. To­day, the pros­per­ity of any coun­try de­pends on the com­pet­i­tive­ness of its econ­omy. The ma­jor el­e­ments of a coun­try’s pros­per­ity are na­tional se­cu­rity, liv­ing stan­dards, ed­u­ca­tion, health­care, and en­vi­ron­ment. They all de­pend on the com­pet­i­tive­ness of the na­tional econ­omy which, in turn, re­lies on sci­en­tific progress and cut­tingedge tech­nolo­gies.

The pri­vate-pub­lic part­ner­ship comes to play a lead­ing role in the in­no­va­tion sec­tor, as to­day no econ­omy can be a suc­cess un­less it is open. Glob­al­iza­tion and the for­ma­tion of the geo-econ­omy force the na­tional economies to open up. Other­wise, they will be left aside of the main­stream of the global de­vel­op­ment. How­ever, open­ness im­plies an equal competition among economies and eco­nomic en­ti­ties and man­u­fac­tur­ing com­plexes.

In other words, to be able to com­pete as an equal, a na­tional econ­omy should meet at least two ma­jor re­quire­ments: to be open and in­no­va­tive.

Open­ness is a must for a na­tional econ­omy that seeks to join glob­al­iza­tion pro­cesses. The open­ness of a sys­tem im­plies the adap­ta­tion of its struc­ture to the global eco­nomic en­vi­ron­ment. In other words, a na­tional econ­omy should be com­pet­i­tive, while its struc­ture should fit the global eco­nomic sys­tem. Struc­tural re­forms are needed to pre­serve eco­nomic sta­bil­ity and the ex­ist­ing liv­ing stan­dards and se­cure eco­nomic growth. This is im­per­a­tive for any econ­omy in­te­grated into the global eco­nomic sys­tem and tak­ing part in glob­al­iza­tion pro­cesses. It is also the num­ber one con­di­tion to join the pro­cesses.

In­vest­ment in In­no­va­tion To­day, High Liv­ing Stan­dards To­mor­row

Struc­tural changes in the econ­omy are the re­sult of the in­no­va­tive de­vel­op­ment of in­dus­try. It is par­tic­u­larly true for coun­tries which econ­omy is dom­i­nated by the man­u­fac­tur­ing in­dus­try. Be­larus is one of such coun­tries. In the G7 coun­tries, the ra­tio of the ser­vice sec­tor, man­u­fac­tur­ing in-

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