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PPPs and privatization have a chequered history and often lead to declining environmental standards and workers’ rights as well as sharp price increases for the public. A tide of research and a growing trend of re-municipalisation highlights a wider shift in public opinion against PPPs and other privatization models.
The paper also casts doubt on the UN’s recent shift towards privatization as a means for financing development, and highlights the lack of conclusive evidence and many well-documented failings.