Whether to give priority to the economic development of the private sector or to focus the attention, i.e. the international assistance, on the development of the public sector in developing countries has always been one of the dilemmas of the development agenda. There is a growing consensus that priority should be given to the private sector but at the same time attention should be devoted to the development of the capacity of the public sector to regulate and enforce corruption-free policies. Yet, a proper development strategy needs both pillars – public and private investment – to be strengthened and enhanced.
The involvement of European and American private sector is increasing and businesses from the developed world come out with more and more funds and project for development. Continue reading