Abstract

Public projects in the field public infrastructure, energy, utilities, or any significant public projects are increasingly outsourced via public-private partnerships (PPPs) and lure multinational enterprises spanning their operations across multiple jurisdictions with varying market entry barriers for foreign investors. The incentives and hindrances to participation in PPPs by such foreign investors could be tied to the level of international liberalisation primarily of government procurement markets, and secondarily of investment and provision of services in heavily-regulated sectors, ...