The partnership of governments for sustainable development

Abstract

Partnership of government and business is an important tool to drive change to more responsible and sustainable development. This type of partnership can help to solve some problems as market failures, governance gaps and trust deficits that prevent the acceleration of business engagement in sustainable development. They can also become a base for coordinating different actions of numerous actors and for building mutually reinforcing linkages between differentspheres for sustainable development.The article offers diverse ways to businesses and governmentfor building better partnership: realizing the benefits of partnership of government and business in supporting sustainable development; raising the level of investment and innovation in sustainable development; reaching transformation of this kind of partnership to work better for people and the environment; and building mutual trust and responsibility between government and business.