Assignment task:
Virani & Ramesh (2019) argues that the rise of public-private partnerships (PPPs) in developing countries is largely due to the perception that governments are unable to effectively provide public services. This perspective highlights the necessity for a balanced approach in addressing both market and government failures." I concur that when examining the interaction between market and government failures, it's essential to acknowledge the careful equilibrium that policymakers need to uphold. Luke 14:28 (KJV) explains, "For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it." This quote from the Bible discusses the importance of thorough planning and consideration, akin to the approach policy analysts must take when addressing both market and government failures. The Africa Growth Opportunity Act (AGOA) indeed illustrates how government policies can be adjusted to correct past inefficiencies - how the first line relates to AGOA?