ABSTRACT
In the business world, partnership has a specific and instructive meaning. It is a form of organization in which some or all of the owners accept unlimited liability for the organization's debt and jointly exercise management control. In fact, partnerships are the dominant form of organization in professional services industries. Outside the organization, the free-market model breaks down where public goods are involved. While public goods enjoy neither excludability nor subtractability and private goods enjoy both, toll goods enjoy the first but not the second; and common pool goods the second but not the first. In the public sector, there is a need to connect development experience across countries and across sectors. Sustainable development requires the creation of infrastructure, policies, and knowledge and the husbanding of natural resources in socially and ecologically responsible ways. Equally, the Bank's knowledge initiatives are being geared more systematically to the learning needs of the Bank's partners.
