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Author Mazer, Rafael
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword Private Sector ♦ World Bank ♦ International Finance Corporation ♦ Private Entity ♦ World Bank Poverty Reduction Program ♦ Much Time ♦ Recent Debate ♦ Poverty Reduction ♦ Social Standard ♦ Many Crucial Concern ♦ Long-term Scope ♦ Social Benefit ♦ Silver Bullet ♦ Public-private Partnership ♦ Private Sector Role ♦ Recent Experience ♦ Big Business ♦ Official Flow ♦ Corrupt Government ♦ Private Sector Investment ♦ Private Capital ♦ Multinational Corporation ♦ Total Official Flow ♦ Key Lesson ♦ Recent Year ♦ Snatch-and-grab Attempt ♦ Development Work ♦ Redistributive Power
Abstract during this same period went from being one third the size of total official flows to developing countries, to more than double official flows.1 From multinational corporations to philanthropy to remittances, the private sector and private capital are finding their way into developing markets in greater numbers annually. However, this growing role in development raises many crucial concerns about the sustainability, redistributive powers, long-term scope, and environmental and social benefits of private sector investment. Much time and literature has been devoted to topics like microfinance and public-private partnerships in recent years, and depending on the perspective the private sector’s role in development can either seem like a silver bullet for poverty reduction that effectively evades corrupt governments, or a snatch-and-grab attempt by big business that increases inequality and reduces social standards and governability. While opinions vary, what is certain is that the private sector will continue to have a growing importance in development, and requires the attention of all concerned with development to determine just where their role lies. Through its International Finance Corporation (IFC), the World Bank has been engaging with the private sector on development work since 1956—long before the recent debate began—and an examination of its recent experiences provides key lessons on how best to engage the private sector
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study