Investing for Peace: The Private Sector and the Challenges of Peacebuilding

Abstract

The new environment for peacebuilding is defined by new approaches to aid, a redefinition of the private sector to include hybrid forms of state and market activity, a new balance of emphasis between corporate social responsibility activities on the part of private-sector actors and the foundational importance of robust legal and regulatory frameworks, a structural boom in demand for natural resources, and the opportunity to have essential small and medium-sized private-sector activity catalysed by macro-finance investment in natural-resources sectors. It presents new risks as well as new opportunities and requires, above all, a new compact between the international donor community and governments in countries experiencing or emerging from conflict that seek to trade their way to sustainable development.