Public–private partnerships (PPPs) can be vehicles to involve the private sector in attaining national development goals. Either as an infrastructure project or a public finance tool, PPPs can potentially bring macroeconomic benefits.
Is a typical economy in the middle-income group likely to be trapped in middle-income status forever, unable to attain a high absolute level of income? This paper looks at why some economies grow faster than others.
Developing Asian countries with a surplus in government effectiveness, political stability, regulatory quality, and corruption control are observed to grow faster than those with a deficit in these indicators.