Public-Private Sector Relationships In Developing Countries
This paper refutes the conventional wisdom, bolstered in the wake of the Asian financial crisis that governments should not become too friendly with the private sector but, instead, should remain neutral and at arms-length distance. The empirical findings presented here indicate that countries in which governments have forged close and cooperative working relationships with the private sector have had much greater economic success. Furthermore, countries with more business-friendly public-private sector relationships tend to exhibit greater positive responsiveness to pro-growth policy reforms. In many developing countries today, where public-private sector relationships are characterized more by mistrust than cooperation, more not less collaboration is needed to spur economic growth. The art of governance, however, is avoiding state capture and not letting this partnership degenerate into favoritism and cronyism.
Volume (Year): 28 (2003)
Issue (Month): 2 (December)
|Contact details of provider:|| Web page: http://www.jed.or.kr/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:jed:journl:v:28:y:2003:i:2:p:1-22. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sung Y. Park)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.