The New Minimalist Approach to Private-Sector Development: A Critical Assessment

25 Pages Posted: 21 Jun 2006

See all articles by Tilman Altenburg

Tilman Altenburg

German Development Institute

Christian von Drachenfels

affiliation not provided to SSRN

Abstract

Recent literature on private-sector development emphasises the need to establish a 'level playing field' and tends to disregard selective supportive interventions. The most commonly highlighted elements are administrative simplification and effective property rights policies, with business services largely left to private providers - what we call the new minimalist approach (NMA). However, the NMA is based on certain unrealistic assumptions and is barely backed by empirical evidence. A range of complementary public policies is needed to create competitive sectors and overcome internal constraints, especially in small-scale economies.

Suggested Citation

Altenburg, Tilman and von Drachenfels, Christian, The New Minimalist Approach to Private-Sector Development: A Critical Assessment. Development Policy Review, Vol. 24, No. 4, pp. 387-411, July 2006. Available at SSRN: https://ssrn.com/abstract=909835 or http://dx.doi.org/10.1111/j.1467-7679.2006.00331.x

Tilman Altenburg (Contact Author)

German Development Institute ( email )

Tulpenfeld 4
Bonn, 53113
Germany

Christian Von Drachenfels

affiliation not provided to SSRN

No Address Available

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