Since the 1970s, the United Kingdom and the United States have carried out a bold privatization reform, which encouraged the private sector to participate in traditional areas of public goods provided by the government, thus triggering a worldwide wave of public—private partnership mode. On the one hand, the practice of private and public sectors cooperating to provide public goods eases the public financial pressure and helps the public sector to provide more goods. On the other hand, the provision of public goods by private sector encourages competition in the public infrastructure sector, thus the efficiency of public goods supply is enhanced. However, there are also some problems in the cooperation of private and public sectors, leading to the partnership mode changing from gloom to doom.
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