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The Private Sector in Development : Entrepreneurship, Regulation, and Competitive Disciplines

Author

Listed:
  • Michael U. Klein
  • Bita Hadjimichael

Abstract

Over the years, the term private sector development, has been misunderstood and misconstrued - variously vilified and sanctified. During the decade of the 1990s, the role of the private sector in economic development, received increased attention, with controversy surrounding such issues as privatization, and corporate scandals. This book provides the first comprehensive treatment of the topic. Central to the discussion, is the design of public policy that promotes an appropriate balance between competition, and regulation. It places special emphasis on the means by which private initiative is channeled into socially useful directions, particularly job creation, and basic service delivery for poor people. Finally, there is discussion of the implications of private sector involvement for policies of development institutions. Written principally for policymakers, and advisers, the book thoroughly explores the challenges inherent in creating public policy that encourages, and enhances the development role of the private sector. If global poverty is to be reduced, the private sector, by almost unanimous assent, is crucial. The authors offer a broad-ranging, and balanced assessment of how to build workable, market mechanisms in developing countries.

Suggested Citation

  • Michael U. Klein & Bita Hadjimichael, 2003. "The Private Sector in Development : Entrepreneurship, Regulation, and Competitive Disciplines," World Bank Publications - Books, The World Bank Group, number 15134.
    • Handle: RePEc:wbk:wbpubs:15134
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    References listed on IDEAS

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    1. Alwyn Young, 1992. "A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore," NBER Chapters, in: NBER Macroeconomics Annual 1992, Volume 7, pages 13-64, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Hoedoafia, Mabel Akosua, 2019. "Private Sector Development in Ghana: An Overview," MPRA Paper 96732, University Library of Munich, Germany.
    2. Sunita Kikeri & Thomas Kenyon & Vincent Palmade, 2006. "Reforming the Investment Climate : Lessons for Practitioners," World Bank Publications - Books, The World Bank Group, number 7096.
    3. Tilman Altenburg & Wilfried Lütkenhorst, 2015. "Industrial Policy in Developing Countries," Books, Edward Elgar Publishing, number 14726.
    4. Richard Record, 2007. "From policy to practice: changing government attitudes towards the private sector in Malawi," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(6), pages 805-816.
    5. Saleh, Jahangir, 2004. "Property rights institutions and investment," Policy Research Working Paper Series 3311, The World Bank.
    6. Reeg, Caroline, 2017. "Spatial development initiatives – potentials, challenges and policy lessons: with a specific outlook for inclusive agrocorridors in Sub-Sahara Africa," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 97, number 97, March.
    7. World Bank, 2006. "Approaches to Private Participation in Water Services : A Toolkit," World Bank Publications - Books, The World Bank Group, number 6982.
    8. Reeg, Caroline, 2015. "Micro and small enterprises as drivers for job creation and decent work," IDOS Discussion Papers 10/2015, German Institute of Development and Sustainability (IDOS).
    9. Tilman Altenburg & Aimée Hampel-Milagrosa & Markus Loewe, 2017. "A Decade On: How Relevant is the Regulatory Environment for Micro and Small Enterprise Upgrading After All?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(2), pages 457-475, April.
    10. Kikeri, Sunita & Kenyon,Thomas & Palmade, Vincent, 2006. "Reforming the investment climate : lessons for practitioners," Policy Research Working Paper Series 3986, The World Bank.

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