Research on Public Policy Innovation Pathways in the Development of the Private Economy

Ziqing Yang

doi:10.71222/6bd5mw55

Authors

Ziqing Yang College of Business and Law, RMIT (Singapore campus), 599491, Singapore Author

DOI:

https://doi.org/10.71222/6bd5mw55

Keywords:

private economy, public policy innovation, policy pathways, high-quality development

Abstract

The private economy plays a significant role in the national economy, and its healthy development is crucial for economic growth and social stability. Currently, the private sector faces challenges from changing external environments and internal transformation pressures, necessitating effective support from public policies. This study investigates potential avenues for the implementation of innovative public policies that will address barriers such as the fragmentation of public policies and inefficiency in their execution, and concludes by stressing the importance of developing a systematic policy framework, facilitating the digital transformation of service delivery, supporting government-private sector collaboration, and enhancing the public policy's ability to respond to a rapidly changing world. Through these avenues, this research provides an opportunity to inject new energy into the high-quality growth of the private sector.

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