TIPS Pietrobelli IND POLICY Gaborone 9 Dec 2008.pdf

5. Who should address/identify these failures?Old and difficult question• Not anymore an alternative between two extremes:vs. Market, or Government vs. Private SectorState• In fact, greater reliance on markets needs a more proactive rolefor the government (not vice versa)• The issue is: How to exploit the best capacities of both?• Build a clever, dynamic and pragmatic partnership – inducingsmart and effective forms of collaboration.• Policies to promote industry and the private sector should beseen as a process of economic self­discovery in a broadsense, with an interactive process of strategic cooperationbetween the public and private sectors to elicit information onbusiness opportunities and constraints, and also generate policyinitiatives in response.• Partnerships at the national as well as at the local levelc.pietrobelli@uniroma3.itCREI, University Roma Tre12