Structure

Sound Regulatory Mechanisms 
An interesting aspect of administration of development programmes in 
developed nations relates to effective role of government in regulating the private 
sector that is mostly responsible for operating and managing economic units. For 
instance, in the United States of America, the nine independent regulatory 
commissions such as Inter-State Commerce Commission, Federal Reserve Board 
and other regulatory bodies in important commercial and financial areas have 
played a most effective role in not only curbing activities against people’s 
interest but also in giving them direction in their policies and programmes. In 
other developed countries also there are regulatory mechanisms that have helped 
a systematic conduct of development administration activities in various areas. 

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46 
Development Planning 
and Administration 
Public-Private Partnership
For a long time in Britain, a number of nationalised industries functioned in the 
economic sector, but Margaret Thatcher brought about economic reforms not 
only through denationalisation of most industries and commercial operations but 
also by instituting the process of privatisation on a big scale. Thatcher’s 
contemporary in the United States, President Ronald Reagan, was also a great 
votary of liberalisation and these two leaders collectively heralded a new era of 
economic reforms which provided the private sector a central place in the 
national economies of developed nations. No country has remained untouched by 
this movement. The role of bureaucracy became that of a “facilitator” rather than 
“regulator” in these countries and the impact of this new spirit of bureaucracy 
was also felt on the not so developed emergent economies such as those of South 
Korea and other Asian Tigers. This example only underlines that there is a 
demonstration affect on developing countries, which imbibe the philosophy and 
practices of developed nations in promoting their process of growth. Today, the 
public-private partnership has become a key feature of most instrumentalities of 
development administration, whether in the developed countries or in developing 
world.