The evergreen debate over government's involvement in business
continues in earnest. Participants straddle all stakeholder groups,
from the state itself to the private sector to the public at large.
Add to that debate increasing globalisation, and now
de-globalisation, and the advent of technological advances.
Criticism is often levelled at a government that is slow to act or
one that belatedly introduces damning regulations. Many governments
are already saddled with demands spanning mega infrastructural
development to bulging fiscal deficits to evening out growth across
the population. The politics of the day are however synonymous with
short-termism. The Covid-19 pandemic has increased the bailout
burden even more. The author attempts to provide a fair assessment
of the potentially complementary roles that the public and private
sectors can play in a fast-changing global economy, amidst the
shifting expectations of society.Related Link(s)
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