Overcoming the Public-Sector Coordination Problem
Anyone who has worked in government knows that guiding the public and private sectors toward a shared goal, while complicated, is a cakewalk compared to coordinating government agencies. One solution to this problem is to create a market-like mechanism within government to allocate resources efficiently.
CAMBRIDGE β Public-private cooperation or coordination is receiving considerable attention nowadays. A plethora of centers for the study of business and government relations have been created, and researchers have produced a large literature on the design, analysis, and evaluation of public-private partnerships. Even the World Economic Forum has been transformed into βan international organization for public-private cooperation.β