Private Sector and Development Policy: Advantages and Problems

In the past years, the private sector has been incorporated into international development policy, a policy field traditionally dominated by the states. Due to shrinking budgets and insufficient results, the objective is to fill the gap with private contributions. However, the private sector is very...

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Main Author: Merle Heyken
Format: Article
Language:English
Published: Universidad de Guadalajara 2018-05-01
Series:Internaciones
Subjects:
Online Access:https://internaciones.cucsh.udg.mx/index.php/inter/article/view/7083
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author Merle Heyken
author_facet Merle Heyken
author_sort Merle Heyken
collection DOAJ
description In the past years, the private sector has been incorporated into international development policy, a policy field traditionally dominated by the states. Due to shrinking budgets and insufficient results, the objective is to fill the gap with private contributions. However, the private sector is very heterogeneous: incentives, objectives, financial volumes and methods can differ considerably. Therefore, the results and the effectiveness of the private sector’s contribution might differ as well. In addition, the incorporation of the private sector is a controversially discussed topic as it is associated with various challenges. On the one hand the private sector can act more flexible and less bureaucratic, also it can better encourage innovation and know-how. On the other hand, problems arise related to an insufficient regulation system, mainly commercial or image interest and democratic control. More research is necessary.
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spelling doaj.art-e07f13de7068454eae12b19aae22c5932022-12-22T04:03:47ZengUniversidad de GuadalajaraInternaciones2007-98342018-05-011413515310.32870/in.v0i14.7083135Private Sector and Development Policy: Advantages and ProblemsMerle Heyken0Universidad de GuadalajaraIn the past years, the private sector has been incorporated into international development policy, a policy field traditionally dominated by the states. Due to shrinking budgets and insufficient results, the objective is to fill the gap with private contributions. However, the private sector is very heterogeneous: incentives, objectives, financial volumes and methods can differ considerably. Therefore, the results and the effectiveness of the private sector’s contribution might differ as well. In addition, the incorporation of the private sector is a controversially discussed topic as it is associated with various challenges. On the one hand the private sector can act more flexible and less bureaucratic, also it can better encourage innovation and know-how. On the other hand, problems arise related to an insufficient regulation system, mainly commercial or image interest and democratic control. More research is necessary.https://internaciones.cucsh.udg.mx/index.php/inter/article/view/7083international development policyprivate sector
spellingShingle Merle Heyken
Private Sector and Development Policy: Advantages and Problems
Internaciones
international development policy
private sector
title Private Sector and Development Policy: Advantages and Problems
title_full Private Sector and Development Policy: Advantages and Problems
title_fullStr Private Sector and Development Policy: Advantages and Problems
title_full_unstemmed Private Sector and Development Policy: Advantages and Problems
title_short Private Sector and Development Policy: Advantages and Problems
title_sort private sector and development policy advantages and problems
topic international development policy
private sector
url https://internaciones.cucsh.udg.mx/index.php/inter/article/view/7083
work_keys_str_mv AT merleheyken privatesectoranddevelopmentpolicyadvantagesandproblems