The debate on business, markets and states in development has a long history, marked by enormous controversy. Many problems of underdevelopment result from market failures, and often business has contributed to these failures, leading to a backlash against markets and against business.
More recently, there has been recognition that business and markets have a major impact on human development and the natural environment, with new market-focused solutions, initiatives and partnerships emerging. However, there are big knowledge gaps.
This IDS cluster investigates how and under what conditions businesses and market systems enable or constrain pathways that deliver development and curb inequalities, and the role of the state in these processes, and is currently developing its programme of work through the IDS Business and Development Centre.
IDS Business and Development Centre
With a focus on priorities for research and practical action, the Business and Development Centre will generate new evidence on:
- impacts of business and markets on development and inequality
- most effective areas for business and markets to play a positive role
- the role of states regulators, enablers and partners.
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