Handbook on public- private sector relationship in economic development : Search for effective balance
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Date
2007
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Publisher
Department of Research and Publications
Abstract
This is a handbook on development policy. Re balancing the public-private sector relationship in economic development is undertaken through development policy. The process of economic development and ideological paradigm shifts evident in 1980s and still unfolding led to economic and institutional reforms that necessitated rethinking the balance and relationship between the public and private sectors, in both less and more developed countries. Reforms in the public, financial and fiscal sectors and macroeconomic stabilization have necessitated changes in economic development policies that recognize the importance of the private sector in economic development and hence tilting the public-private sector relationship in favor of the private sector after several years of state-centered development. The private sector is now considered a critical driving force in economic development, and in Less Developed Countries, an important strategy for poverty reduction through recognition of the informal sector.
The purpose of this handbook is to analyze the changing relationship between the public and private sector in favor of the latter, as a strategic policy change for faster economic development and poverty alleviation. The analysis is based on review of relevant theories, public-private sector re-balancing experience in Tanzania, and illustrative empirical case studies from the author's research projects in Tanzania. Development policies are viewed as important instruments for changing the balance between the public and private sectors. The idea of writing the handbook emanated from a series of graduate seminars on development policy conducted at Mzumbe University in Tanzania between 1997 and 2005. Most of the material was discussed by graduate students and faculty colleagues and revisions were continuously made to reflect experiences and observations of the seminar participants and colleagues.
The overarching issues related to Public-Private Sector Relationship (PPSR) in Less Developed Countries include performance of the public sector, roles of the public sector in growth and development, indigenous private sector capacity, nature of private and public goods, globalization, direct foreign investment, safety nets for the poor, public-private partnership, privatization, new public management paradigm, non-governmental and community-based organizations and economic regulation. These issues are discussed in this handbook through theory and illustrative case studies.
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Keywords
Public private sector, Economic relationship, Private sector relationship, Economic crisis, Public- private sector rebalancing, Economic development, Public- private sector partnership, Economic regulations, Development management
Citation
APA