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The purpose of this chapter is to call for a better cohesion between development cooperation, on the one hand, and inclusive business, on the other. This contributes to the existing post recessionary debate on development cooperation, in which, (i) traditional aid and partnership effectiveness are being revised and, (ii) the role of the private sector in development is being emphasized. It builds on recent discussions that call for a more strategic use of development cooperation to leverage other development-oriented flows, particularly those coming from the private sector.

The chapter corresponds to a conceptual chapter. Results were obtained through the study and comparison of secondary sources and a literature review. It first explores donor-private sector relations, paying particular attention to the OECD Development Assistance Committee (DAC), and then moves on to the study of inclusive business in relation to development aid.

The study first reflects upon shifts perceived in development cooperation since the Great Recession, and analyses how foreign donors have engaged more widely with businesses for addressing global development challenges. The concept of inclusive business is then introduced, describing how although the development community acknowledges the potential of the private sector as a driving force for development, inclusive business have hitherto been developing, to a great extent, aside of broader development efforts. The final section presents a typology that proposes various ways in which donor agencies may integrate inclusive business support into their private sector programs.

The chapter is of use for both academics and practitioners with an interest in development cooperation and/or inclusive business.

Proposing a conceptual study that tends toward a greater cohesion between inclusive business and development cooperation is a contribution to the literature that has emerged on Base of the Pyramid markets since early 2000s. It is argued that such cohesion may prove valuable for the betterment of public-private relations, turning them more responsive to the challenges of sustainable development in the post-2015 world.

This study examined the roles of public spending and population moderating characteristic structure of selected African economies on bank-based financial development through credit to private sector.

The study sampled 37 selected African economies for the years 1991–2018, and it applied a pooled mean group (PMG) estimator to account for short-run and long-run causal effects, and confirmed short-run adjustments towards the long-run convergences between the variables. Specific suitable tests were also applied.

Evidence confirms positive impacts of both capital formation and final consumption expenditures on financial development in the short run and long run. The moderation of population structures on expenditure structures help to speed up convergences.

This work attests its innovation by accounting for the separate effects of the expenditure types, the moderation effects of young and mature populations for capital and final consumption expenditure on financial development among selected economies in Africa.

The extensive public financing for infrastructure guided by the state-led development policy has crowded out private sector participation for infrastructure development in Ethiopia. Although public-private partnership (PPP) has been used by many countries, the Government of Ethiopia has started to adopt it for major infrastructure development recently. Thus, it is important to investigate the reasons that motivated the government to adopt the PPP model to provide insights to the sector players. This paper aims to explore the driving factors for adopting PPP for infrastructure development focusing on the energy sector of Ethiopia and compared it with other countries.

The study used a comprehensive literature review of previous research outcomes and a purposively sampled questionnaire survey of professionals in Ethiopia.

The results of the study revealed that the five top driving factors perceived by the experts for adopting PPP in the energy sector of Ethiopia include the private sector has the ability to raise funds for project, facilitate creative and innovative approaches, save time in delivering the project, accelerate project development and private sector possess better mobility. The comparison of the driving factors with other countries also suggests that each county has its own reason and preference for adopting the PPP model.

The research result contributes to the development of PPP in Ethiopia and other developing countries at the early stage of PPP implementation. It also provides information to policymakers, sponsors, financiers and developers of PPP projects to understand the government's motivations to implement PPP in Ethiopia.

Rethinking development along the lines of corporate social responsibility (CSR) is a new and exciting area of research and development practice. Newly emerging forms of global governance are now relying on private actors (business, non governmental organizations (NGOs)) rather than states. Therefore, CSR policy and programmes are necessary steps in securing responsible corporate behaviour in support of development. The objectives of this paper are to identify the areas of interventions for CSR activities and examine the rationale behind the CSR activities in Mauritius. It aims to analyse the relation between business and poverty reduction and also the successes and failures of CSR initiatives and how the programmes are delivering to the company's business objectives. In short, how is CSR redefining development?

Both primary and secondary data have been collected for this study. Qualitative methods of data collection were privileged to address complex issues such as the relationship between CSR and development. In‐depth interviews were carried out and seen as an appropriate research technique in order to explore and capture the perspectives of the stakeholders, namely private sector and the NGOs on CSR. Secondary sources in the form of company publications, annual reports, press cuttings, web sites of companies and survey reports were consulted.

Although CSR initiatives go quite a long way back in Mauritius, it is still believed that CSR is not embedded in its corporate culture. However, in some cases, CSR is merely being used as window‐dressing, for the gallery as a sideshow since it is a trendy issue and that everyone is doing it alongside with the wide media coverage. For CSR to become the national development tool, it is important that coordinated and concerted efforts be undertaken at the private sector level, in the civil society and at government level in achieving equitable, inclusive and sustainable development.

This work contributes to the scarce literature on CSR in Mauritius as well as in the African continent, investigating the relationship between CSR and development in the Mauritian context. It also provides an extensive and critical literature review on CSR and CSR activities in Mauritius.

Low income urban housing in Kenya is underdeveloped as a result of uninnovative financing, hence the many slums and informal settlements in the country, hence the need for enhanced participation of the private sector through application of Public Private Partnerships (PPPs), which has been cited as one of the possible solutions. The purpose of this study was to investigate and make predictions of the need for enhanced role of private sector in developing low income urban housing in Kenya through PPPs.

Delphi method of research was used to forecast the enhanced role of private sector through PPPs in the development of low income urban housing in Kenya. Three rounds Delphi iterations using three panels of housing financiers (30 in number), housing developers (28 in number) and housing practitioners (30 in number) were used. Data was collected through questionnaires throughout the three rounds, where the first round was exploratory in nature, the second round built on answers from round one, while round three was based on answers from round two, after which the mean and standard deviation values were calculated to show the level of consensus.

Results showed that PPPs is one of the plausible ways through which low income urban housing in Kenya can be developed to address its shortage. Private sector in PPP transaction brings innovative technology, finance and efficiency, while government brings its assets such as land and other regulations long term contracts.

The research was focussed on the Nairobi city county area in analysing the need for enhanced role of the private parties. It focussed on a panel of Housing practitioners-officers in the State Department for housing and Nairobi city county; housing financiers and housing developers, without interviewing the beneficiaries of the method.

It was, therefore, found out that PPPs models are applicable in developing low income urban housing because the country has the enabling environment for its effective application going forward. The implication of this study is that low income urban housing can be developed through the model.

The slums and informal settlements will have adequate, affordable and quality housing being introduced within their neighbourhoods, which reduces political and societal animosities.

This research has benefited from published literature on PPPs and original research on PPPs.

This paper examines the transformation of Syrian political economy from 1970 until 2005. I argue that Syria has undergone two important phases of political and economic transformation, from building a centralized state and economy in the early 1970s to embarking on the path of market economy in the early 1990s. With the logic of competitiveness guiding the direction of economic development, the socio-economic changes of the mid-1980s and after have corresponded with an important process of class and state formation. After a brief discussion of the current transition in Syria, the following sections of the paper attempt to provide a critical study of the different strategies for economic development. Section two examines the process of state and economic centralization of the 1970s and 1980s and highlights the contradictions of this period. Section three assesses the impact of economic liberalization through a study of competitiveness in the economic policies of the 1990s and 2000. The final section examines the economic and political impasse that Syria has been faced with. In conclusion, I argue that the current path of market economy as the strategy for capital accumulation has not resolved the socio-economic problems that Syria has faced in the last two decades. This strategy will continue to face contestation by marginalized groups such as factions of the Baath Party, landless peasants, workers and small producers as Syria becomes even more integrated into the regional and global economy.

In Africa, the public sector is very often not able per se to deliver the resources needed to assure access to basic public goods and services. The African Development Bank (AfDB) has heavily invested in infrastructure to help overcome these long enduring bottlenecks, which have hampered economic growth in the continent. Given the AfDB’s ambitious objectives of contributing significantly to development and poverty reduction, and its continued thrust into infrastructure development through New Partnership for Africa’s Development, Africa50, and a range of collaborations to leverage resources for the continent, it is useful to consider the nature of the Bank’s involvement in Public–Private partnerships (PPPs) and identify lessons learned and recommendations for improvement. The methodology employs mixed methods, with desk reviews, staff consultations and analytical analysis of project data from 2006 to 2014 in 18 countries. Lessons and recommendations are drawn from the ‘Evaluation Results Database’, covering the period 2001–2012 from projects in 12 countries and six sectors. Overall, 64.4% of the PPP volume of the AfDB’s portfolio was allocated to lower middle-income countries, with low-income countries receiving about a quarter. The energy sector accounted for over 78% of the total PPP volume. A pragmatic account of what was done and learned from PPP implementation processes over a decade in the African continent is provided in this chapter, together with successes and failures from the AfDB’s experience, as the Bank itself and a range of other Multilateral Development Banks and donors continue to scale up infrastructure financing in Africa.

The past few years have seen some private sector involvement in urban and small-town water provision in Ghana, as the government strives to improve access to water supply services for its citizens in line with millennium development goals. Since 1995, both central and local governments have entered into various forms of public-private partnerships (PPPs) contracts. The paper aims to examine challenges and investment needs of Ghanaian water supply sector that necessitated private sector involvement; trends, and factors that constrain the development and implementation of projects with private sector involvement in the sector.

A research approach integrating multi-stage critical review of relevant related literature and case studies is adopted in this paper. The study is further informed by the authors' experience in the sector and knowledge of PPPs. Analysis of data from different sources, using both approaches, provides both historical and contemporary approach to water management practice in Ghana.

The paper reveals that the Ghanaian water supply sector mirrors the classic challenges of public sector utilities in developing countries. Under-investment by government is the major cause of the ill-performance of the sector, necessitating private sector involvement. Management contract has emerged as a popular form of water supply PPP in Ghana. Further, optimal risk allocation has not been widely adopted in these contracts, and not yet been given much attention by practitioners and researchers in the literature of water management in Ghana.

The paper provides useful insights into the constraints of the water supply sector, development and implementation challenges of PPPs in the sector, and prompts a need for more research on risk allocation in water supply PPP contracts.

Aims to methodologically explain a phenomenological model with empirical contents for modelling ethics in socioeconomic development. Addresses a circular causality between state variables and policy variables for the case of socioeconomic development of Indonesia with ethics and values as important focus required for the private sector role.

This is a methodological paper with good empirical content prescribing policy recommendations for the role of ethics and values in the private sector in Indonesian socioeconomic development. Philosophy of science heads off the methodological part. This is combined with contextual elements of Islamic development financing instruments to highlight the need for ethics and values in the development of Indonesia, the largest Muslim nation.

The paper highlights how the Indonesia private sector and the Government need to corroborate the focus of ethics and values in the national development plan. This is a novel approach to modelling ethics and values and estimating it by circular causation system of regression equations answering the theme of social wellbeing through socioeconomic development.

The true empirical work would have used complexity methods. In the paper the simple approach has been maintained by using the system of circular causation related regression equations. This is part of an on‐going research project on unity of knowledge and its empirical application to specific problems of science and society including the social economy. Thus, the project presents challenging field of academic investigation for many.

Provides policy recommendations on how ethics and values ought to be incorporated in the socioeconomic development plan through private sector participation in Indonesia. The need for the role of private sector ethical consciousness in Socioeconomic development of Indonesia is highlighted.

This is an original contribution in the area of phenomenological investigation on ethics and how it can be modelled and applied in specific circumstances (Indonesia private sector development within her development plan). The paper brings forth a challenging concept along lines of a scientific research program that looks at the methodology of unity of knowledge as the phenomenological basis of development planning and then empirically investigates this methodological conception through modelling of ethics and values.