Changing Public-Private Sector Relationships in the Industrial Development Process

Abstract

The outcome of highly complex interdependencies which follow from closer forms of public-private partnerships in the industrial development process is expressed in industrial floorspace and shares of the financial returns. The more profound, longer-term effects are imprinted on the mutual perceptions of public and private sectors in the urban development process. Authorities are increasingly constrained by commercial criteria of private development and financial interests, and by underwriting risks. Moulding the mixed economy to serve public purposes requires sophisticated relationships.