The Ideal and Reality of Private Finance Initiative: Base on the Experience of Japan
The main reason that Private Finance Initiative (PFI) is favored by governments all over the world is that the abundant financial resources from private sectors could make up government finance deficit, and accelerate the implementation of public policies. On the other hand, the innovative ideas from private sectors could reduce rigidity and give public sectors a new lease of life, help promote the diversification in public services, and improve the service quality and management efficiency. Compared to Japan, PFI in Taiwan is a new institutional model and research field; there is lack of common understandings on PFI. Meanwhile Japan has been implementing PFI for several years already, its legal structure is relatively well-established, and its lessons could serve as references when promoting PFI in Taiwan in the future.