Public-Private Partnership in the Russian Education System: Advantages, Problems, and Directions of Development

Abstract

The present article describes the advantages, current problems, and development directions of public-private partnership in the Russian education system. Sustainable development requires inclusive, affordable, and high-quality education. Statistical data demonstrated a significant state underfunding of the Russian education system and, as a result, the poor technical state of education facilities in the country. Therefore, public-private partnership can serve as a way to attract financial resources and competences of private partners to the education system. The paper focuses on such issues as the advantages of public-private partnership in the education system, the needs of the main stakeholders of public-private partnership projects, socio-economic effects of public-private partnership, etc. Based on various financial, economic, legal, and managerial issues, the author gives practical recommendations, e.g., state assistance at the local level, universal box solutions for standard education facilities, a new legitimate tool for changing public-private partnership projects, etc. The problem needs a systematic approach. The study relied on the general scientific method of dialectical cognition of economic and financial phenomena, as well as analysis, synthesis, and expert evaluation. The systematic approach can facilitate managerial decisions in the sphere of education and public-private partnership.