Public-private partnership for the sustainable development of the territory

In the economic literature, the subject of the territorial development analyses three key factors: resources, production factors and governance. Resources can be tangible and intangible, private or public, including the so-called common goods such as natural and cultural factors. From a managerial perspective, the models of governance of the development can be described by two principal configurations: the corporate model and the community model. The first one is consistent with the model “as usual” which considers the limits to the development marginally. Should limits obstacle the economics activities, the technological progress can support the companies to overcome them. The community model assumes that the resources of a territory are used in such a way as to preserve their value over time. Governance in the community model is multi-stakeholder and founded on the three pillars of sustainability: economic, social and environmental. Development based on the sustainable enhancement of natural, environmental and cultural resources, managed by public-private governance, recognises the territory as a determining factor in the development and not just a container for production processes or a provider of incentives..