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Tuesday, November 07, 2006


Private Sector Development (PSD) is a strategy for promoting economic growth and reducing poverty in developing countries by incorporating private industry and competitive markets into a country's overall development framework.
Supporters argue that PSD is an important part of poverty reduction. It is said that the private sector can go along way in developing countries toward the provision of basic services, empowering the poor by improving quality and access to health services, education and infrastructure. Strategies and best practices for ensuring that private sector development is pro-poor is a popular topic for policy makers.

However,this school of thought rightly holds that we should concern ourselves with issues of wealth creation rather than send our time to discuss poverty and it root causes.

The justification for this thinking is that for too long scholarly efforts and thinking have been directed to studying poverty without any meaningful results. Hence, there has dot to be a rethink.

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