EVOLUTION OF CONCESSION OPERATIONS

Abstract

In todayʼs dynamic world, it is important to understand the roots and evolution of key econo­mic and legal mechanisms. The article is devoted to a detailed analysis and description of conces­sion operations during various historical stages: from ancient times, the Middle Ages, stages of development in the 19th and 20th centuries, ana­ly­sis of its modern trends in the 21st century. The relevance of the research lies in the in-depth disclosure of the mechanisms underlying conces­sion operations and their impact on the econo­mic, social and cultural development of the society. Studying the history of concessions will help specialists and researchers to better assess current trends and predict future developments in this field. The aim of the article is to characterize the key evolutionary stages of con­cession operations in order to understand their essence and critical features, based on the hypothesis that they have transformed from simple agreements to complex multi-stakeholder contracts for various public services and goods. The research metho­dology is based on an integ­rated approach, which includes historical, com­pa­rative and analytical research methods. As a result, the research is provided a holistic view of the evolution of con­cession arrangements, their significance and role in the formation of econo­mic relations at various stages of historical development.