Government-industry talks only work for new industries, or if the government is weak

The World Bank studied public-private dialogues focused on specific industries. It turns out these talks usually do not help economies grow, unless specific conditions are met.

Governments and development agencies have long used public-private dialogues to push economic reforms. This paper shows that industry-specific versions of these talks are mostly a waste of time. It means that money and effort spent on these dialogues for established industries or in well-governed countries will likely not produce results.