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Public-Private Policy Partnerships: A Policy Innovation Paradigm

Public-Private Policy Partnerships: A Policy Innovation Paradigm

Copyright: © 2022 |Pages: 26
ISBN13: 9781799873839|ISBN10: 1799873838|ISBN13 Softcover: 9781799873846|EISBN13: 9781799873853
DOI: 10.4018/978-1-7998-7383-9.ch008
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MLA

Fred Olayele. "Public-Private Policy Partnerships: A Policy Innovation Paradigm." African Policy Innovation and the Political Economy of Public-Private Policy Partnerships, IGI Global, 2022, pp.179-204. https://doi.org/10.4018/978-1-7998-7383-9.ch008

APA

F. Olayele (2022). Public-Private Policy Partnerships: A Policy Innovation Paradigm. IGI Global. https://doi.org/10.4018/978-1-7998-7383-9.ch008

Chicago

Fred Olayele. "Public-Private Policy Partnerships: A Policy Innovation Paradigm." In African Policy Innovation and the Political Economy of Public-Private Policy Partnerships. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-7383-9.ch008

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Abstract

Optimizing the interactions in the policy-market-society nexus can spread socially beneficial innovations. While PPPs have for decades been a key tool in the delivery of critical public goods and other important interventions, this chapter makes a case for public-private policy partnership based on the notion that the public good construct in mainstream economic analysis has little or nothing to do with whether the public goods and services in question are in fact provided by the state or by private enterprises. PPPs as a policy approach combine the best of competitive market attributes and government operations in designs targeted at improving public policy. Given Africa's peculiar structural and institutional dynamics, interventionist policies must recognize the microeconomic realities of the continent's largely informal actors who constitute the backbone of the private sector.

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