Five priority actions to build a more effective government-private sector partnership
AbstractIn the context of increasingly constrained government resources and growing demand for government support to companies, we identify five priority actions for governments to promote private sector development. First, governments need to focus on creating business-enhancing institutions. Second, they should involve the private sector in the policymaking cycle. Third, they should build their capacity to constantly identify business needs. Fourth, the quality and range of government services to businesses should be improved. Finally, governments need to optimise the private sector’s role in the provision of public goods and services. We conclude that to unlock future growth and employment, governments need to change their culture and processes to embrace all opportunities that exist in a full partnership between governments and businesses.
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