The Role Of Governance In Economic Development

'Development' is what most people see as progress in the places where they live and in the ways they live. It has to do with public services, the ways to complain when these are not delivered properly, and the spaces to change power structures. It is related to the economy, the opportunities to access a secure job, a sustainable livelihood and increased welfare while caring for the planet and others. It is also linked to the institutions that allow people to live life well, using resources ethically and doing business responsibly in relation to other communities and future generations. This edited collection examines the interconnections between local governance, economic development and institutions, by focusing on what initiatives work and under what conditions they do so. Based on a variety of theories and empirical data, it presents evidence from current experiences around the world, revealed by researchers across different continents and several generations.

This book provides a comparative study of the use of partnerships and new forms of governance to achieve policy goals that promote economic and social development. In addition to a consideration of the theoretical challenges posed by these institutional developments, the book reviews recent experiences in Asia-Pacific, Europe and North America.

'. . . this volume is an excellent resource for those interested in the analysis of institutions' design and economic development. . .' - Oscar Alfranca, Progress in Development Studies The main theme of this study is the political economy of policy reform in less developed countries and post-socialist countries. Given the complexity of economic development and transition, Joachim Ahrens views failures in policy reform, poor public sector management, rent-seeking, corruption, and over-centralization as systematic, though not exclusive, instances of institutional failure.

This book examines how the new forms of governance overcome administrative, political and financial obstacles and impact local prosperity and the quality of life.

Because protection of property rights cannot be appropriated by any individual, it is widely recognized as being the state's responsibility. Moreover, recent empirical evidence suggests that protection of property rights leads to higher investment levels and faster growth. The extent of property rights protection differs significantly across countries. Gradstein integrates the emergence of property rights within a simple growth framework. Drawing on North (1990), he presents a model where economic performance and enforcement of property rights may reinforce each other. Initial conditions determine the economy's convergence to a high-income or a low-income steady state. Existing empirical evidence offers tentative support for this theory.This paper - a product of Public Services, Development Research Group - is part of a larger effort in the group to understand the role of governance for economic development.

This innovative volume explores the role of networks and variation in their forms of governance in delivering successful local and regional economic development. Written by experts from different disciplines, it offers a judicious mix of general theoretical reflections and specific case studies of different places, sectors, and scales. The result is an important contribution to an emerging research agenda on networked governance and the governance of networks and their influence on competitiveness in and across different scales of economic activities. Bob Jessop, Lancaster University, UK Networks, Governance and Economic Development represents one of the most authoritative compilations on the role of networks. The editors have brought together an impressive group of scholars who, from different disciplinary approaches, provide a fantastic overview of the key aspects in the governance of networks and on how they affect local economic development. Andrés Rodríguez-Pose, London School of Economics, UK This compact and authoritative book brings together the topical themes of networks and governance to advance understanding of the determinants of local economic development in the context of increasingly global relationships. Analyzing the governance of networks is critical in understanding how individual localities are able to promote development and consolidate positions within global production systems. In addressing such issues, this book accomplishes a significant bridging of disciplinary boundaries, incorporating different theoretical and empirical perspectives on the meanings and roles of territory, economic development and different forms of networks and governance. Networks, Governance and Economic Development brings together the analysis of leading researchers in their fields, following their interactions at a European Science Foundation exploratory workshop. The chapters will be an invaluable resource to researchers working in the fields of regional economic development, economic geography and economic policy as well as postgraduate students taking modules that specialize in aspects of the above themes.

'Governance,' as defined by the World Bank in its 1992 report, 'Governance and Development', is 'the manner in which power is exercised in the management of a country's economic and social resources for development.' The report deemed it is within the Bank's mandate to focus on the following: -the process by which authority is exercised in the management of a country's economic and social resources -the capacity of governments to design, formulate, and implement policies and discharge functions.Also available: 'Governance: The World Bank's Experience' (ISBN 0-8213-2804-2) Stock No. 12804.