Potential strengths
Joint ventures are real partnerships of the public and private sectors that match the advan-
tages of the private sector with the social concerns and local knowledge of the public sector.
Under a joint venture, all partners have invested in the company and have an interest in the
success of the company and incentives for efficiency.
Potential weaknesses
Government’s dual roles as owner and regulator can lead to conflict of interest. Joint ven-
tures also have a tendency to be directly negotiated or to follow a less formal procurement
path, which can lead to concern for corruption.
Source: Heather Skilling and Kathleen Booth. 007.
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