Donor agencies are paying increasing attention to how private sector development (PSD) can be leveraged to support poverty reduction and sustainable, equitable and inclusive economic growth. This topic guide synthesises the most recent evidence on the social impacts of private sector development work, documenting emerging approaches and lessons learned. The private sector incorporates all economic activity that occurs outside of the state, ranging from smallholder farmers and informal entrepreneurs, to multinational corporations (MNCs) and the financial services sector. For the purposes of this guide, the focus is on organised firms and chains, such as agri-supply chains and large consumer base companies. The private sector can have a transformational impact on peoples’ lives as a creator of jobs and producer of goods and services that poor people use. Making use of social development thinking is essential for effective private sector development work that is responsible, inclusive, and delivers sustainable benefits to poor people. Despite increasing donor attention in this area, there is a lack of systematic evaluations and rigorous evidence of the social impacts of PSD. This guide focuses on the social impact of private sector development work delivered through regulation, supply chain relationships and market development. It also looks at two overarching issues – 1) women, girls and private sector development; and 2) monitoring and evaluation frameworks. And it looks at two emerging issues – 1) business and human rights; and 2) participation and technology.

The Social Impact of Private Sector Development: Topic Guide

Resource Key: 5NZ7M9G3

Document Type: report

Creator:

Author:

  • Róisín Hinds

Creators Name: {mb_resource_zotero_creatorsname}

Place: University of Birmingham, Oxfor, UK

Institution: GSDRC

Date: 2015

Language:

Donor agencies are paying increasing attention to how private sector development (PSD) can be leveraged to support poverty reduction and sustainable, equitable and inclusive economic growth. This topic guide synthesises the most recent evidence on the social impacts of private sector development work, documenting emerging approaches and lessons learned. The private sector incorporates all economic activity that occurs outside of the state, ranging from smallholder farmers and informal entrepreneurs, to multinational corporations (MNCs) and the financial services sector. For the purposes of this guide, the focus is on organised firms and chains, such as agri-supply chains and large consumer base companies. The private sector can have a transformational impact on peoples’ lives as a creator of jobs and producer of goods and services that poor people use. Making use of social development thinking is essential for effective private sector development work that is responsible, inclusive, and delivers sustainable benefits to poor people. Despite increasing donor attention in this area, there is a lack of systematic evaluations and rigorous evidence of the social impacts of PSD. This guide focuses on the social impact of private sector development work delivered through regulation, supply chain relationships and market development. It also looks at two overarching issues – 1) women, girls and private sector development; and 2) monitoring and evaluation frameworks. And it looks at two emerging issues – 1) business and human rights; and 2) participation and technology.

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