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| M4P: Comparative Approaches to Private Sector Development (de Wildt, Elliott & Hitchins, 2008) |
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| Implementing agency(ies) | Fauno Consortium, Springfield Centre for Business in Development |
| Funding agency(ies) | SDC |
| Date completed | January 2006 |
| Issues/challenges | As a driver of growth, the critical contribution of the private sector to poverty reduction is increasingly being recognised. Private sector development therefore is becoming more central to poverty reduction strategies. As its importance increases, development agencies are increasingly reviewing the extent to which their approaches to private sector development are consistent with achieving strategic and systemic impact on poverty reduction. |
| Web site | Springfield Centre for Business in Development |
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Description
This document was prepared by Fauno Consortium and is intended to serve as a focus for SDC Employment and Income (E+I) Division discussions about the relationship between various private sector development fields (PSD). This note addresses a common challenge in private sector development: how to reconcile apparently diverse concepts such as value chains, subsectors, clusters and networks, enabling environment and local economic development, and the approaches related to them.
In doing so, the document will try to illustrate that recent thinking on making markets work for the poor is complementary to these other concepts and approaches, providing an overarching framework to aid understanding about their use in efforts to reduce poverty.
The document comprises four sections in addition to an introduction: an overview of key PSD fields, the relationship between these fields and the Making Markets Work for the Poor approach, and implications for development agencies and in particular E+I.
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