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Read the following passage, then... - Soal SKB No.132

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TKBI IPDN - Paket 03 SELEKSI-LANJUTAN-SEKDIN TKBI - Reading Comprehension

132. Read the following passage, then answer the question below.

Public-private partnerships in regional infrastructure development are often promoted as a way to combine the efficiency of private capital with the public accountability of government oversight. In practice, however, the allocation of risk within these partnerships frequently determines whether this promise is realized or undermined. When contracts are structured such that private partners bear genuine financial risk for underperformance, incentives tend to align reasonably well with public interest. But an examination of several regional partnership agreements reveals a recurring pattern in which private partners are effectively insulated from downside risk through government-backed guarantees, while retaining the full upside of profitable outcomes. In such arrangements, the partnership's private character exists primarily during periods of success, reverting to public responsibility precisely when things go wrong, a dynamic that inverts the accountability structure the partnership model was originally intended to establish.

What pattern did the examination of partnership agreements reveal?

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