With the advent of globalization and many changes came round the world, there are examples through which we can conclude that the majority of infrastructure of Asia comes from the public sector only, but it is not sufficient for the development of the nation as there are nations which are far more developed and are still progressing with a far better pace than other developing countries.
The differences
The infrastructure differences with other issues result in a wide gap between the developed, developing, and underdeveloped nations of the world. To bridge this gap of wide inequality can be filled with other alternatives, i.e., public-private partnerships.
Public-private partnership
It is just the collaboration of the government of the nation and private entity. Here the public entities provide public service for the payment. PPPs have provided a way for the government to use the private sector expertise to carry on with complex projects for the nation’s development. With various infrastructure project partnerships, all the other nations who are lagging can get on the track.
This public-private partnership has given a widespread opportunity to those developing and underdeveloped countries to be in pace with their development to get on an equal foot space with the modern technology developed countries of the first world or in short to get into equal space with the first world or developed nations.
