Impact of governance on economic development in south Asian region

The critical importance of well-performing public institutions, good governance and low level of corruption for development and poverty reduction has come to the forefront in the 1990s at the national levels. Similar reform process at corporate levels had begun in the mid-1980s. The World Bank and A...

Full description

Saved in:
Bibliographic Details
Published in:Finance India 2002-06, Vol.16 (2), p.445
Main Authors: Agarwal, Aman, Muhammad Rao Aslam, Datta, Namita, Hettiachchige Don Bernad S Perera
Format: Article
Language:English
Subjects:
Corruption in government
Developing countries
Development banks
Economic development
LDCs
Reforms
Studies
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The critical importance of well-performing public institutions, good governance and low level of corruption for development and poverty reduction has come to the forefront in the 1990s at the national levels. Similar reform process at corporate levels had begun in the mid-1980s. The World Bank and ADB had taken these issues very seriously. Just as it was increasingly being recognized in the 1980s that individual investment projects were less likely to succeed in a distorted policy environment, it had become obvious in the 1990s that neither good policies nor good investments were likely to emerge and be sustainable in an environment with dysfunctional institutions and poor governance. This paper looks into the state of governance and corruption in the South Asia Region defining the pros and cons, taking into consideration the views points of the World Bank, ADB, and others.
ISSN:0970-3772