Role of Public-Private Partnerships in Mixed Economies Coursework

Role of Public-Private Partnerships in Mixed Economies - Coursework Example This paper offers a comprehensive analysis of effective cooperation in a form of PPP between UK government and NATS Holdings Limited, the renowned service provider in the field of air navigation. The perception of mixed economy is principally described as a financial system that comprises a mix of both collectivism and capitalism notions. A capitalist system is primarily based upon personal profits, private ownerships, labours and investments. On the contrary, a socialist arrangement typically involves the financial activities that are regulated as well as controlled publicly by the active engagement of planning councils along with different governmental bodies Mixed economy type generally embraces an amalgamation of private financial freedom and centralised monetary planning along with governmental regulations Certain crucial factors like globalisation, extreme business market competition and internationalisation have ultimately urged the importance of conducting the PPP approach by a significant level. It has been often argued in this regard that public services require becoming more innovative for the purpose of developing the lifestyle of the individuals or the people belonging to this contemporary world and most vitally, to enhance economies of dissimilar nations. One of the innovative practices adopted as well as executed by NATS is conducting the PPP approach with motive of enhancing its financial position. The significant concern of partnership working has become much significant in delivering effectual public services. ... These benefits might include generating greater monetary value, delivering different sorts of projects in an effective as well as timely manner, effectively exploiting the state assets and resources, generating diversity along with innovation especially in the stipulation of public services (RPA, 2008). Furthermore, the other benefits that can be availed from establishing PPP comprise accessing better finance towards private sectors, raising lucidity in the operational procedures while undertaking any sort of project and most vitally delivering superior infrastructure related solutions (Dept of Economic Affairs, 2011). With this concern, this paper intends to analyse a PPP with reference to the example of NATS Holdings Limited applying certain significant aspects grounded on the arguments revealing that pubic services need to be more innovative and the idea concerning partnership working has become much important, especially when concerning the deliverance of effective public service s. A Brief Overview of NATS Holdings Limited NATS Holdings Limited, which was previously acknowledged as National Air Traffic Services, is viewed as one the foremost service providers relating to air navigation in the United Kingdom (UK). The vision of the company has been to become a worldwide leader in the business segment of offering pioneering solutions linked with air-traffic and airport performance as well (NATS Limited, 2013). It has been apparently observed that the business market concerning the services relating to air-traffic is incessantly transforming due to extensive long-term growth in the sector of aviation both nationally and internationally. Thus, it