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Good Governance Matters in Whether Societies Go Backward or Forward

It is the nature of governance that determines whether people deploy their talents and energy in pursuit of innovation, production and job creation, or in rent-seeking and lobbying for political protection. The contrast is starkest in emerging countries, but differences also exist among the advanced economies.
Kemal Dervis
By 

Vice-President and Director for Global Economy and Development at the Brookings Institution

Vice-President and Director for Global Economy and Development at the Brookings Institution
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Former Wukan protest leader Zhang Jiancheng (C) prepares to vote on the second day of village elections in Wukan in China's southern Guangdong province on March 4, 2012. The Chinese village that rebelled against corrupt Communist leaders went to the polls on March 3 in a contested election seen as a landmark for those seeking more democracy in the one-party state. AFP PHOTO/Peter PARKS (Photo credit should read PETER PARKS/AFP/Getty Images)
Former Wukan protest leader Zhang Jiancheng (C) prepares to vote on the second day of village elections in Wukan in China's southern Guangdong province on March 4, 2012. The Chinese village that rebelled against corrupt Communist leaders went to the polls on March 3 in a contested election seen as a landmark for those seeking more democracy in the one-party state. AFP PHOTO/Peter PARKS (Photo credit should read PETER PARKS/AFP/Getty Images)

From Project Syndicate

It is the nature of governance that determines whether people deploy their talents and energy in pursuit of innovation, production and job creation, or in rent-seeking and lobbying for political protection. The contrast is starkest in emerging countries, but differences also exist among the advanced economies.

Read more here.

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