PUBLIC PROJECTS BETWEEN NECESSITY AND IMPACT
Journal Title: Challenges of the Knowledge Society - Year 2012, Vol 2, Issue 0
Abstract
The main objective of public projects is to purchase one or more social benefits, targeting communities in which public authorities responsible for implementing these projects were elected. Unlike public projects, the main purpose of the projects undertaken in the private sector consists of maximizing the profit obtained by increasing the activity and / or minimize costs. Therefore, in order to analyze in economic and social terms the impact of development projects it is required, together with analysis of common issues, highlighting the differences between public and private projects. In this sense, we see greater difficulties in evaluating public projects, which should aim at minimizing the costs - as well as private projects - also achieving significant benefits and correctly targeted to the needs of the population, meantime taking into account economic and social present situation. Cost – effectiveness analysis is more difficultly to do, as it involves to estimate some indicators, expressed in monetary units, defined by a series of mostly social meanings, such as the cost of life, the improvement living conditions benefits, etc. The choice of discount rate and project operating life involves higher risks than in the private sector, at least for large investment projects, given that these designs achieve highly valuable public assets, which have to operate a long time for the community benefit. Public authorities responsible for public projects must choose the most suitable variant of proposed projects according to the respective communities present and future priorities set, based on a thorough socio-economic analysis, highlighting the increasing usefulness for society by implementing the project and also taking into account its specific activity.
Authors and Affiliations
EMILIA CORNELIA STOICA, ANDREI CRISTIAN STOICA
Keywords
Related Articles
- EP ID EP89942
- DOI -
- Views 162
- Downloads 0
THE INFLUENCE OF THE CONSTITUTIONAL JURISDICTIONS ON THE BASIC LAWS
This paper intends to reveal the role played by the constitutional courts or other bodies entitled to perform the constitutional review of normative acts in enhancing the significance of the National Basic Laws and in de...
ECONOMIC NATIONALISM’S VIABILITY UNDER GLOBALIZATION
The path undertaken by the world economy is irreversible - the world economic system is a system based on interdependencies, cooperation and multilateralism but economic openness is not full. Each country, in order to pr...
TRANSITIONAL JUSTICE AND DEMOCRATIC CHANGE: KEY CONCEPTS
This Article proposes a genealogy of transitional justice and focuses on transitional justice as one of the key steps in peace building that needs to be taken to secure a stable democratic future. Transitional justice is...
ENERGY RELATIONS BETWEEN RUSSIA AND UKRAINE AFTER THE EUROMAIDAN: TRAPPED BETWEEN THE CONTRACTUAL SPACE AND THE SPACE OF SPACES
Russia-Ukraine energy relations have been mired in constant tension and contract renegotiations since the fall of the Soviet Union. Major examples of the conflict ridden character of mutual energy relations are the big d...
CONSIDERATIONS CONCERNING ACCOUNTING INFORMATION AND ACCOUNTING DECISIONS AND THEIR IMPLICATIONS IN BUSINESS MANAGEMENT
The accountants need to make choices to recognize, evaluate and classify business transactions for assuring true and fair value of information. In this paper, we try to classify these choises so that called accounting de...