Public-Private Partnership in the Economic Model of a Closed Cycle During the Crisis

Abstract

The theoretical approach to managing the anti-crisis potential of the region by transforming the interaction of society, business, and the state is considered. An indicator of the effectiveness of such a transformation is the growth of social return, which can be achieved by implementing the principles of circular economy, social entrepreneurship and public-private partnership. The cyclical economy is aimed at achieving minimization of the impact of human activity on the environment through an innovative approach to resource consumption. This harmonizes society’s relationship with nature and greatly facilitates interaction between all economic entities regarding the regulation of problems of harmful emissions of enterprises and other environmental issues. Public-private partnership unites the efforts of the state and business for the implementation of large-scale long-term projects and raises the effectiveness of their interaction to a new level. For the successful functioning of the proposed model, society, the state and business must firmly hold on to a stable system of values: honesty, mutual assistance, spirituality, a harmonious attitude towards oneself, surrounding people and nature. Keywords circular economy, social entrepreneurship and public-private partnership.