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Private sector development (PSD) is a term in the international development industry to refer to a range of strategies for promoting economic growth and reducing poverty in developing countries by building private enterprises. This could be through working with firms directly, with membership organisations to represent them, or through a range ...
The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. [1]
The Entrepreneurial State: Debunking Public vs. Private Sector Myths is a 2013 book written by Mariana Mazzucato which argues that the United States' economic success is a result of public and state-funded investments in innovation and technology, rather than a result of the small state, free market doctrine that often receives credit for the country's strong economy.
The momentum and demands for denationalisation gained currency towards the end of the government of Prime minister Zulfikar Ali Bhutto and Pakistan Peoples Party who under intensified their nationalisation programme had effectively the government-ownership management in the private industries of Pakistan; it had built a strong public-sector with priority on cement, steel and fertilizers. [8]
The Modern Corporation and Private Property is a book written by Adolf Berle and Gardiner Means published in 1932 regarding the foundations of United States corporate law.It explores the evolution of big business through a legal and economic lens, and argues that in the modern world those who legally have ownership over companies have been separated from their control.
The idea for using this method for government reform was that if the government guided private-sector principles were used rather than rigid hierarchical bureaucracy, it would work more efficiently. NPM promotes a shift from bureaucratic administration to business-like professional management.
The government considers private-sector participation as being critical to the success of the country's Tenth National Development Plan (2009–2016) and enhancing the role of research and development as being the most effective way to nurture entrepreneurship and private-sector growth. The government is considering additional policies to ...
The term "private sector involvement" was introduced in the late-1990s in the context of the discussions on bond restructurings and capital account crises. [1]: 6 Previously, the term used to broadly denote any kind of private-sector participation into an existing government program, such as, for example, family planning, [2] or health care. [3]