Private Sector Development in an Emerging World: Inclusive Policies and Strategies for the Formal and Informal Economy

This book explores the interactions between private sector development, public policies, and societal institutions with a strong focus on contributing to sustainable and inclusive development in emerging countries. It emphasizes the need for a balanced approach between the state and the private sector to maximize the benefits of business development while ensuring sustainability. The views presented vary, but the analyses and case studies share common themes that highlight the importance of context-based decision-making to achieve successful private-public sector interactions.

Format: Hardback
Length: 312 pages
Publication date: 04 December 2023
Publisher: De Gruyter

This comprehensive book delves into the intricate interplay between private sector development, public policies, and societal institutions, with a steadfast focus on contributing to sustainable and inclusive development in emerging countries. The private sector is often heralded as a catalyst for economic growth, prompting substantial efforts to promote its growth in emerging nations. Development agencies prioritize private sector development, and national governments likewise embrace this approach, resulting in substantial incentives to attract and stimulate private investment.

However, it is crucial to recognize that private sector development alone cannot ensure sustainable and inclusive development, as evidenced by the past decades. Economic growth, societal progress, and environmental sustainability often clash, and economic growth alone has often failed to uplift the lives of all citizens.

This book aims to examine the appropriate roles that the state and the private sector should play to harness the dynamics of business development while ensuring that these benefits are shared broadly without compromising sustainability. While the views presented may vary in detail, the analyses and case studies presented share common themes. Specifically, it is emphasized that the relative roles of the state and the private sector should be balanced, and this balance should be tailored to the unique context of each country to facilitate effective private-public sector interactions that benefit all individuals.

By exploring these complex dynamics, this book offers valuable insights into the strategies and approaches required to promote sustainable and inclusive development in emerging countries. It serves as a valuable resource for policymakers, business leaders, and scholars seeking to understand the intricacies of private sector development and its impact on societal well-being.

Dimension: 240 x 170 (mm)
ISBN-13: 9783111070049