MSM Academic Conference - Private Sector Development in Emerging Economies
On 1 December 2021, MSM will organize an Academic Conference, where we intend to bring together people and experiences to share knowledge on private sector development in emerging economies.
It is our pleasure to invite you to Maastricht School of Management’s (MSM) Academic Conference themed “Private sector development in emerging economies, contributing to a climate smart and inclusive society”.
We have received a large number of papers on the five research themes:
- Triple helix constructs for local development and industrial development
- Value chain development for countries in transition
- Climate smart agriculture & water efficiency and ecosystem development
- Inclusive development (focus on gender and youth)
- Enabling impact and sustainable finance
During parallel sessions the author(s) will present their paper on location or virtually. Furthermore, keynote speeches and a panel will be held.
The conference will be organized in a hybrid set-up, where participants can join either virtually or on location at Maastricht School of Management in Maastricht, the Netherlands.
You are kindly asked to register your attendance by filling out and submitting a registration form. In this form you have the option to register to attend in-person on location* or virtually.
Available spots are limited, please register in due time. Registration will close on 24 November 2021.
Click here to register
*Please be aware that attending the Academic Conference on location in Maastricht, the Netherlands will be at your own expenses.
In case of questions about the Academic Conference please contact Veerle Barten via firstname.lastname@example.org
Triple helix constructs for local development
Economic development is driven by innovations and their commercialization into goods and services. This requires, research and development systems to create innovations, a vibrant industry to commercialize innovation and a well-functioning government to facilitate. The deliberate and purposeful bringing the three spheres together so that they can act in the concept known as the Triple Helix Partnership (THP) approach. Central to the Triple Helix Model (THM) is the blurring of boundaries between government-industry-research/knowledge institutions with each actor assuming some roles of “the other”. The key is to clearly understand how the element in the triple helix link formally and informally to support the innovation system and then seek to design policies that will strengthen the links that are valuable to the relationship (Smith and Bagci-Sen 2010). Though the Triple Helix (TH) model can be applied at the national level, perhaps this model is most apt at local development level. Innovation occurs in an institutional, political and social context. Innovation occurs more easily when geographical concentration and proximity are present, and therefore a regional cluster takes a crucial dimension in such processes. The ultimate objective of a regional economic development policy is really to create a “Commons”. The “Commons” include the shared resources that companies and communities rely on in order to be productive. Every successful company and every region begins with certain foundations—an educated populace, pools of skilled labor, vibrant networks of suppliers, strong infrastructure, basic research that can be commercialized (Fulkner et. al. 2017). The “Commons” is crucial for shared prosperity that is at the heart of a successful economic development strategy. The commons forms the basis for emergence of clusters, the engines of local economic development through upskilling and creation of industries. Clusters enhance firms’ competitiveness through agglomeration economies. This is due to presence of high skills, specialized suppliers and service provides, improved market access and circulation of information.
This theme will explore approaches to establishing strong triple helix partnership drawing from best practices and also field experiences.
Value chain development for countries in transition
Value chains are networks of companies that are crucial for economic development. In close cooperation with governmental and non-governmental public organizations, value chains serve as the economic vehicles that develop goods and services, and that bring them to domestic markets, to foreign markets in the region, or to distant foreign markets. The massive attention for value chain development that we have witnessed in the past decade on the side of international development organizations is to be explained by the many opportunities value chains offer, such as business development, knowledge transfer, foreign direct investment, job creation, and export. However, the extent to which value chains positively contribute to domestic development goals depends on the conditions under which domestic industry and farm sectors participate in value chains. Among the many factors that play a role here, three stand out:
First, it is a priority for any emerging economy to enhance local value addition, particular in global value chains. Traditionally, mineral and agricultural commodities are exported in unprocessed or semi-processed form to foreign markets. In specialized global value chains, emerging economies typically take care of the manufacturing or assembling stages. In both chain types, the value addition is limited. What could governments do to help the local industry expand their value addition by moving into either the design or the marketing stages of the chain?
Second, a major issue in agri-food value chains in emerging economies is the fragmentation of the chain. Due to the multiple middlemen, the low level of organization among primary producers, and the supply-drivenness of the chain, the level of coordination within the value chain is low. This situation hinders the development of efficient and more competitive domestic food supply. The emergence of a local lead firm that can ‘govern’ the value chain is often seen as a remedy and also as a condition for upgrading at various levels in the value chain. What is the nature of these local lead firms? When do they help food supply and retail become more competitive? When not? What is the role of the newly emerging e-commerce grocery platforms in this context
Third, to meet the 12th Sustainable Development Goal of responsible consumption and production, economic growth needs to be sustainable, and based on a low carbon and climate resilient development. This requires value chains to contribute to a circular economy, which promotes the elimination of waste and the continual safe use of natural resources. What opportunities does the circularity of value chains hold for businesses in emerging economies?
Climate smart agriculture & water efficiency and ecosystem development
During a successful internal seminar at MSM in March 2021, we identified the roles of a business school in the field of Climate Smart Agriculture & Water Efficiency (CSA&W). Proceedings of this workshop are available on MSM’s website. We concluded that for MSM, one important role to play is to help build local ecosystems that support farmers in adopting and managing CSA innovations. These ecosystems can consist of a series of different (existing) partnerships and should preferably driven by the Triple Helix platform approach. Based on our expertise and track record, we are now particularly interested in how management of CSA-focused ecosystems can contribute to private sector development in rural areas. We wish to further extent our knowledge in the area of the governance structures and business models that can realize this. We feel that a business school is in the best position to support ecosystem development, through:
- Evaluating and strengthening agribusiness partnerships
- Stimulating Triple Helix constructions
- Facilitating CSA ecosystem development & management
- Evaluating agricultural innovations
- Calculating cost-benefit ratios of agricultural innovations
- Developing agribusiness entrepreneurship
- Supporting TVET colleges and universities in playing a role in ecosystem coordination.
Working towards ’the inclusive organization’ requires proactiveness because inclusiveness is about making sure that no groups or individuals are excluded. This applies to participation and representation in (public) services, businesses, trainings, social activities and society in general. People that are or may feel excluded are often from historically disadvantaged groups and/or minorities, for example youth, women, certain ethnic groups, or people with mental health problems. Sometimes, concrete barriers prevent such groups from being part of any form of organization (including labor processes or even family life). An example is that survivors (men, women, boys and girls) of sexual and gender-based violence (SGBV) do not get adequate help in dealing with their trauma to improve their psychosocial wellbeing. Help may not be available, too expensive, or rejected, and survivors of SGBV are often stigmatized - even by health care providers. Challenging attitudes and perceptions of people through gender transformative training benefits inclusive organization. Another important topic relates to Youth Unemployment. A growing number of youths is seeking for employment. Economic development plans to provide answers to this growing number of unemployed youths which has its impact on organizations. An important question relates to how organizations can absorb as many youth as possible on the one hand and on the other also further industrialize?
Enabling impact and sustainable finance
An important enabling factor for private sector development in emerging economies is the availability of and access to capital. Increasingly, and with the support of development finance institutions across the world, the focus is no longer on just any form of foreign direct investments. Stimulating the development of business in the global South more and more requires capital that contributes to a more sustainable, just and inclusive society. Economic development that widens the gap between the have and have nots or that usurps nature for the benefit of (just a small segment of) the current generation, will not make a meaningful contribution to the Sustainable Development Goals that were adopted unanimously by all nations of the world in 2015. The UN Declaration contains a promise to all citizens of the world to leave no one behind when it comes to her or his development.