Publicprivate partnerships can enhance policy effectiveness from "summary" of The Industrial Policy Revolution II by J. Esteban,J. Stiglitz,Justin Lin Yifu
Public-private partnerships have the potential to significantly enhance the effectiveness of policy implementation. By leveraging the strengths of both the public and private sectors, these partnerships can address complex policy challenges more efficiently and effectively than either sector could on its own. One key advantage of public-private partnerships is their ability to combine the resources, expertise, and capabilities of both sectors. The private sector often brings valuable resources such as technology, innovation, and capital to the table, while the public sector can provide regulatory oversight, public goods, and access to markets. By pooling these resources together, partnerships can achieve outcomes that would be difficult for either sector to achieve independently. Moreover, public-private part...
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