Public-Private Partnership for Development in the Maldives

Mohamed Latheef
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Mohamed Latheef: Maldives National Chamber of Commerce and Industry, Male Email: mncci@dhivehinet.net.mv

South Asia Economic Journal, 2002, vol. 3, issue 2, 241-252

Abstract: The introduction of tourism to the Maldives in the early 1970s, accompanied by rapid development in infrastructure amidst a stable socio-political and macro economic environment, has enabled the private sector to evolve from a personal sector in a subsistence economy to a development partner in a vibrant, dynamic economy. The forces of globalization and the emerging consensus for good eco nomic governance make public-private partnership in national socio-economic development an imperative. The article argues that such a partnership would entail a paradigm shift in the relationship between the two sectors. The partnership would necessitate (a) an effective dialogue platform between the partners; ( b ) a participatory role for the private sector in all aspects of socio-economic develop ment ; (c) phasing out government involvement in business; and (d) strengthening the role of the government as the enabling agent for economic growth.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:sae:soueco:v:3:y:2002:i:2:p:241-252

DOI: 10.1177/139156140200300208

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