Good governance nexus economic development - examining western rhetoric in reference to eastern realities
- 1Department of Governance and Development Studies, College of Law and Governance, Jimma University, Ethiopia
Int. Res. J. Social Sci., Volume 6, Issue (4), Pages 34-37, April,14 (2017)
The idea of ‘good governance’ is one of the frequently discussed terms in the areas of development and public policy discourses mainly after the down fall of the Soviet Union up-to-date. The European Union (EU), International institutions such as the World Bank, International Monitory Fund (IMF) and soon have repeatedly argued that ‘good governance’ is a necessary (pre)condition to ensure economic development in a given country. And, this idea has been dominant, and forcefully imposed on the side of third world countries for decades. However, latter developments experiences from East Asian countries, manly the Asian Tigers, proved that without good governance, a country can realize a continuous sustainable economic development. Therefore, in this article, the writer summarizes the major debates on the subject matter, and argues in favor of against the idea that ‘good governance’ is a must for economic development by taking the case of Asian Tigers.
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