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Author: Dino Falaschetti Publisher: Springer Science & Business Media ISBN: 0387787070 Category : Business & Economics Languages : en Pages : 146
Book Description
Conventional wisdom warns that unaccountable political and business agents can enrich a few at the expense of many. But logically extending this wisdom implies that associated principals – voters, consumers, shareholders – will favor themselves over the greater good when ‘rules of the game’ instead create too much accountability. Democratic Governance and Economic Performance rigorously develops this hypothesis, and finds statistical evidence and case study illustrations that democratic institutions at various governance levels (e.g., federal, state, corporation) have facilitated opportunistic gains for electoral, consumer, and shareholder principals. To be sure, this conclusion does not dismiss the potential for democratic governance to productively reduce agency costs. Rather, it suggests that policy makers, lawyers, and managers can improve governance by weighing the agency benefits of increased accountability against the distributional costs of favoring principal stakeholders over more general economic opportunities. Carefully considering the fundamentals that give rise to this tradeoff should interest students and scholars working at the intersection of social science and the law, and can help professionals improve their own performance in policy, legal, and business settings.
Author: Dino Falaschetti Publisher: Springer Science & Business Media ISBN: 0387787070 Category : Business & Economics Languages : en Pages : 146
Book Description
Conventional wisdom warns that unaccountable political and business agents can enrich a few at the expense of many. But logically extending this wisdom implies that associated principals – voters, consumers, shareholders – will favor themselves over the greater good when ‘rules of the game’ instead create too much accountability. Democratic Governance and Economic Performance rigorously develops this hypothesis, and finds statistical evidence and case study illustrations that democratic institutions at various governance levels (e.g., federal, state, corporation) have facilitated opportunistic gains for electoral, consumer, and shareholder principals. To be sure, this conclusion does not dismiss the potential for democratic governance to productively reduce agency costs. Rather, it suggests that policy makers, lawyers, and managers can improve governance by weighing the agency benefits of increased accountability against the distributional costs of favoring principal stakeholders over more general economic opportunities. Carefully considering the fundamentals that give rise to this tradeoff should interest students and scholars working at the intersection of social science and the law, and can help professionals improve their own performance in policy, legal, and business settings.
Author: Ian Marsh Publisher: Brookings Institution Press ISBN: Category : Business & Economics Languages : en Pages : 406
Book Description
"In evaluating democratic development, the study focuses particularly on the condition of parties and party systems. In relation to economic governance, the idea of a developmental state provides a template against which the practices of individual states are evaluated.".
Author: Gedeon Mudacumura Publisher: Springer Science & Business Media ISBN: 3319031430 Category : Law Languages : en Pages : 288
Book Description
Despite the large amounts of human and financial resources invested to foster democratic governance in developing countries, statistics show that the majority of these countries have not yet achieved significant improvements in living standards. While some regions make strides towards improving the living conditions of their citizens, Sub-Saharan Africa, for instance, is still trapped in poverty with more than 40% of its 600 million people living below the internationally recognized absolute poverty line of one US dollar per day. Poor governance and corruption should be highlighted as the most important systemic factors contributing to poverty in developing countries. As a result the institutional foundations of these countries are weakened, public funds are misappropriated, and policies and programs aimed at reducing poverty and fostering sustainable economic growth are undermined. It is therefore not surprising that a 2008 Transparency International report found a direct link between corruption and the failure of the societal institutions designed to achieve the Millennium Development Goals in the majority of developing countries. This book investigates the problems of democratic governance, particularly as they relate to corruption, and also whether democracy should be based on universal principles or local context and historical factors. It also analyses the rule of law, in promoting democratic governance and curbing corruption and if governmental, non-governmental organizations, and civil societies are effective in promoting democratic governance and curbing corruption. This book will go beyond identifying the challenges and offer plausible solutions that could be adapted to various developing countries. It is premised on the importance of bridging theory and practice, which has been lacking in most local and international development publications, making of interest to scholars and policy-makers alike concerned with public administration in developing countries.
Author: Clemens L. J. Siermann Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 280
Book Description
This text explores the issues of politics, institutions and the economic performance of nations from an in-depth perspective, challenging conventional theory which claims that democracy promotes economic growth.
Author: Sisay Asefa Publisher: W.E. Upjohn Institute ISBN: 0880994983 Category : Political Science Languages : en Pages : 182
Book Description
A notable group of social scientists explore the political economy of good governance and how it relates to performance management, the influence of political parties, education and health issues in developing countries, the economic performance of transition economies, and the effects of climate on poverty.
Author: Jongryn Mo Publisher: Hoover Press ISBN: 0817995536 Category : Business & Economics Languages : en Pages : 224
Book Description
South Korea has been one of the great success stories of postwar economic development, rising from one of the poorest nations on earth in the 1960s to become the world's eleventh-largest economy by 1996. But Korea's model of economic development began to unravel in 1987. When the authoritarian rule that helped propel economic performance gave way to increasing public pressure for democracy, the Korean economy was confronted with fundamental transformations. With democracy came increasing consumption, labor activism, and rising wages. Yet many of the old policies of the export-oriented, pro-business authoritarian rule remained in place. The complex and multifaceted economic effects brought about by democratic change have defied analysis—until now. Democracy and the Korean Economy is an authoritative study of the new model of Korean political economy and the first book to analyze the economic impact of democratic change in South Korea. In addition to analyzing patterns of change in major policy areas, authors Jongryn Mo and Chung-in Moon closely examine specific industries—such as automobiles—and the family-controlled industrial conglomerates known as chaebols to analyze their market positions and political influence under both the authoritarian and democratic regimes. They show how conflicts in key policy areas have evolved, identify the political and economic factors that have been important to resolving those conflicts, and reveal the wide range of effects, both subtle and significant, of democratization on the Korean economy and on its economic policy.
Author: Pippa Norris Publisher: Cambridge University Press ISBN: 1107016991 Category : Business & Economics Languages : en Pages : 295
Book Description
Is democratic governance good for economic prosperity? Does it accelerate progress towards social welfare and human development? Does it generate a peace-dividend and reduce conflict at home? Within the international community, democracy and governance are widely advocated as intrinsically desirable goals. Nevertheless, alternative schools of thought dispute their consequences and the most effective strategy for achieving critical developmental objectives. This book argues that both liberal democracy and state capacity need to be strengthened to ensure effective development, within the constraints posed by structural conditions. Liberal democracy allows citizens to express their demands, hold public officials to account and rid themselves of ineffective leaders. Yet rising public demands that cannot be met by the state generate disillusionment with incumbent officeholders, the regime, or ultimately the promise of liberal democracy ideals. Thus governance capacity also plays a vital role in advancing human security, enabling states to respond effectively to citizen's demands.
Author: Mawere, Munyaradzi Publisher: Langaa RPCIG ISBN: 9956763004 Category : Social Science Languages : en Pages : 422
Book Description
Questions surrounding democracy, governance, and development especially in the view of Africa have provoked acrimonious debates in the past few years. It remains a perennial question why some decades after political independence in Africa the continent continues experiencing bad governance, lagging behind socioeconomically, and its democracy questionable. We admit that a plethora of theories and reasons, including iniquitous and malicious ones, have been conjured in an attempt to explain and answer the questions as to why Africa seems to be lagging behind other continents in issues pertaining to good governance, democracy and socio-economic development. Yet, none of the theories and reasons proffered so far seems to have provided enduring solutions to Africa’s diverse complex problems and predicaments. This book dissects and critically examines the matrix of Africa’s multifaceted problems on governance, democracy and development in an attempt to proffer enduring solutions to the continent’s long-standing political and socio-economic dilemmas and setbacks.