The compensation hypothesis predicts a positive causation from international economic openness to the size of the public sector, as governments step in to perform a risk mitigating role to counterbalance the increasing exposure to external risk and the economic dislocations caused by growing...

Public-Private Partnerships (PPPs) involve the collaboration between the public sector providers of goods and, more specifically, services and private sector counterparts. The arrangement is one component of a wider initiative which has been taken place across both developing and developed...