Financial Transparency Coalition

The private sector plays an important role in sustainable democratic and economic development. By creating jobs and opportunities, providing necessary goods and services, and thus improving people’s living standards, private enterprise in a market economy offers citizens the ability to prosper independently of state-provided goods and services. That, in turn, gives citizens the necessary leverage to hold their government accountable because public officials rely on citizens for support, not the other way around. An accountable and efficient public sector is still a necessary part of development, though, and governments and private businesses...