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The ‘New Minimalist Approach’ to Private-Sector Development: A Critical Assessment.
- Source :
- Development Policy Review; Jul2006, Vol. 24 Issue 4, p387-411, 25p
- Publication Year :
- 2006
-
Abstract
- Recent literature on private-sector development emphasises the need to establish a ‘level playing field’ and tends to disregard selective supportive interventions. The most commonly highlighted elements are administrative simplification and effective property rights policies, with business services largely left to private providers - what we call the ‘new minimalist approach’ (NMA). However, the NMA is based on certain unrealistic assumptions and is barely backed by empirical evidence. A range of complementary public policies is needed to create competitive sectors and overcome internal constraints, especially in small-scale economies. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09506764
- Volume :
- 24
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Development Policy Review
- Publication Type :
- Academic Journal
- Accession number :
- 21194576
- Full Text :
- https://doi.org/10.1111/j.1467-7679.2006.00331.x