Public-Private Partnerships (PPPs) are a modern means for pursuing social and policy outcomes. When they work, they mobilize the comparative advantages of the public and private spheres to address key challenges. When they fail, critics cite their worst aspects and argue for a retreat into more traditional roles. Their prevalence means that everyone is likely to come across, and be affected by, such a partnership at some point in their careers.
Bridging theory and practice, students will have the opportunity to understand why PPPs have emerged and the theoretical basis under which they operate. They will also receive practical tools and knowledge to allow them to work with or within a PPP and discuss and debate sophisticatedly how they should be managed and governed.
To do this, the course will analyze three kinds of PPPs: global health partnerships, innovative finance institutions, and biomedical research consortiums. The course will examine applicable international, corporation, and regulatory law along with the public-sector and corporate governance norms used to operate these institutions. It will also consider conflicts of interest and how they may be managed. Finally, students will have the opportunity to participate in a lab exercise to form a PPP using the tools they have developed over the course of the semester.