It is well recognized that private sector investment plays a significant role in the long-term development and in the design of short-term stabilization programs in the developing countries. In this context the identification of the factors which constrain the development of the private sector in the developing countries is of considerable importance. While the private sector in the developed countries has made appreciable contribution in the process of socio-economic development, there is as et not evidence that it has made similar contribution in the developing countries. In some cases this has been attributed to institutional and structural factors such as the absence of well developed financial markets and relatively larger role of the government in capital formation, distortions and market imperfections…, etc.
*This article is partially based on a report which the authors compiled for USAID under the title “Private Sector Review for Western Sudan”, Khartoum, April 1985.
Copyright © 2019 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0