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Integrated governance: a possible solution for a sustainable private sector led development in Bangladesh?

Azmat, Fara, Coghill, Ken and Alam, Quamrul 2005, Integrated governance: a possible solution for a sustainable private sector led development in Bangladesh?, in Business and Governance in Bangladesh in the 21st Century Proceedings, Monash University, Melbourne, Vic., pp. 1-21.

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Title Integrated governance: a possible solution for a sustainable private sector led development in Bangladesh?
Author(s) Azmat, Fara
Coghill, Ken
Alam, Quamrul
Conference name Business and Governance in Bangladesh in the 21st Century (2005: Melbourne, Vic.)
Conference location Melbourne, Vic.
Conference dates 7 November 2005
Title of proceedings Business and Governance in Bangladesh in the 21st Century Proceedings
Editor(s) As-Saber, Sharif
Alam, Quamrul
Publication date 2005
Conference series Business and Governance in Bangladesh in the 21st Century
Start page 1
End page 21
Publisher Monash University
Place of publication Melbourne, Vic.
Summary In the quest for 'good governance', the developing countries have embarked on ambitious NPM style market-oriented reform policies mainly advocated by international development agencies (IDA) over the last two decades. Bangladesh has been pursuing decades of market-oriented reforms advocated by IDAs with the prime objectives of achieving an efficient, cost effective service delivery through increased involvement of the private sector. The shift towards marketisation has led to a complex, horizontal and networked structure of partnerships between state and non state actors. The private sector and NOOs are now delivering goods and services which were once the exclusive domain of the state. These changes have however, not been associated with changes in institutional arrangements, safeguards and regulation required to support the private sector led development, which is not sustained independently of the context in which it operates. Using the agriculture input sector as an exemplar, this paper explores the constraints of sustainable private sector led development. The paper argues that the main impediment to private sector led development in this sector centre on lack of good governance. In addition, lack of an integrated market structure, market information, capacity and awareness building are other factors that are inhibiting the private sector led development. We argue that a functional governance model is required in Bangladesh that engages the state, civil society and the private sector to work effectively in a participatory approach to deal with the constraints of private sector led development and for improving good governance.
Notes Reproduced with the kind permission of the copyright owner.
ISBN 0732622832
9780732622831
Language eng
Field of Research 150314 Small Business Management
HERDC Research category E1.1 Full written paper - refereed
ERA Research output type E Conference publication
Copyright notice ©2005, Monash University
Persistent URL http://hdl.handle.net/10536/DRO/DU:30006195

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