Hi Kamaljyothi, 

This is a very interesting topic and I wish you the best in your planned research. Sustainable Development only occurs when the Private Sector plays a leading role in the economy, through investment, increasing economic activity, job creation and creating revenue for the Government by paying taxes. Only in this way can poverty be reduced on a sustainable basis. I'm not a serious scholar on the subject, so unable to give any references, but i'm sure there will be adequate literature available to validate this hypothesis.

Best Wishes

Emmanuel

Be they subsistence farmers, workers, or would-be entrepreneurs, most poor people already participate in markets. Therefore, strengthening markets in such ways that secure higher incomes for the poor can help fight poverty. Some ways to harness the private sector for poverty reduction and economic development relate, among others, to

• access to finance;
• business development services;
• business environment reform;
• business linkages and value chain development;
• green growth;
• industrial policy;
• innovation policy;
• local economic development;
• making markets work for the poor;
• public–private partnerships;
• private sector development in conflict-affected environments;
• private sector development following financial crises; and
• women's entrepreneurship development.

A research proposal can surely be found in one or two of these areas.

The private sector provides employment, one of the most aspect of economic development; however issues are rather complex: priate sector investment can also lead to lowering employment, when investment mainly aims at increasing productivity.

Hi, one lesson learned in the past few decades is that "everywhere is different". Different countries face different situations and thus require different approaches to achieving development. Private sector plays a pivotal role in the war against poverty. However, poor societies are not just poor in incomes, but also in markets. Market failures (including missing markets, incomplete markets, unstable markets, imperfections, poor property rights, information problems etc.) which are prevalent in poor societies fail private sector development and thus limit its capacity to reduce poverty. 

Thus, don't be alarmed if your research/regressions find weak coefficients of determination (R-squared). In most poor societies governments often have much larger roles to play. Hopefully i am not typing rubbish. Wishing you the best   

Historically, it has been found in the developed western countries of Europe, US and UK that free markets with unregulated private corporations leads to poor infrastructure and low incomes as well as worker exploitation.  Free markets also fail creating unemployment.This was one major reason why state intervention to regulate markets and to create a public sector were deemed necessary by political economists, most famously by Keynes. The argument as to whether private sector companies are better at creating wealth and reducing poverty rages on. I think a mixed economy with a public and a regulated private sector is the solution but of course since 1979, many countries in the west have moved away from this approach via neoliberalism to reducing the size of the public sector and seeing private sector as the only viable creator of wealth. However, in practice, this ideology is proving disastrous and we have seen an increase in inequality and poverty in the UK.

You could look at the Rowntree website or the ONS and OECD statistics on this issue.

An historical treatment of the Uk looking at the rise of the public sector can be found in Gill-McLure 2007 and 2013 on RG.

I am looking at different perspectives. University - Industry engagement necessary condition for sustainable development. Industry can provide grants and faculty members do research on respective areas. The purpose is to create a conducive environment and business climate particularly related to innovation and creativity. Commercialization comes latter. Collaboration can create High economic impact and sustainable.

Yes, we are all excited about the possibilities that markets and private sector development have for developing economies. However, increasingly one hears the question, which private sector? A private sector which has little evidence of domestic participation, or seems intent on extracting value for shareholders based elsewhere is being resisted across the board.

Privatization was hope for many less developed countries.However, many countries have not benefited from this initiative. Nevertheless the role of the private sector can not be ignored because the sector supplements the public sector. The partnership between the public and private sector should be encouraged to ensure that the process is cost effective on the side of government.