Publication: Public-Private Dialogue in Business Regulation Reform: A Case Study on PEMUDAH
Date
2020-05
ISSN
Published
2020-05
Author(s)
Kuriakose, Smita
Eknath, Varun
Abstract
Traditionally, government and business
had few incentives to actively collaborate. For the most
part, government regulated business, and business lobbied
government on areas of economic interest. When partnerships
did occur, they were usually undertaken to invest in large
infrastructure projects through formal contractual
agreements (Rosenbaum, L., Van Buren, E. and Mennel, J.,
2013). With the growing complexity and diversity of
socio-economic challenges, the nature of public-private
collaborations has seen a fundamental change. Both sides
realized that business problems are now government
problems—and vice versa—and both are proactively
intensifying new approaches to forging partnerships at the
highest levels. Consequently, public-private dialogues (PPD)
as a form of institutional arrangements have been pivotal in
stimulating reform activity and improving a country's
investment climate. Against this backdrop, this study
explores the key tenets of successful public-private
dialogues and its importance in the overall development of
an economy in its first chapter. This chapter also seeks to
study the various challenges associated with PPDs to caution
against their poor administration and consequent threat to
diminish the anticipated public good.
Link to Data Set
Citation
“Kuriakose, Smita; Eknath, Varun. 2020. Public-Private Dialogue in Business Regulation Reform: A Case Study on PEMUDAH. The Malaysian Development Experience;. © World Bank, Washington, DC. http://hdl.handle.net/10986/33937 License: CC BY 3.0 IGO.”