essay on economic governance

Perspektiven der Wirtschaftspolitik2012 13 (Special Issue): 1-12. Global Economic Governance After the Crisis. Jeffry Frieden. Harvard University Ever since the Great Recession began late in 2007, there have been continual and insistent calls for greater global governance. These calls have come from an unprecedented variety of quarters ...

In this essay, we proffer an economic governance framework that befits the country's new challenges. We seek to identify, synthesize, and explain the essential features of a robust economic governance regime. We employ a triptych as a means of organizing the framework's central elements. We judge that ideas, individuals, and institutions are

This is an essay prepared for the IEA-ERIA Project on the New Global Economic Order. Stiglitz acknowledges financial assistance from the Hewlett and Sloan Foundations, ... economic cooperation and governance in the face of common challenges such as the provision of global public goods. Furthermore, the multiplicity of sovereigns creates ...

Abstract and Figures. Good governance is a polymorphous concept that stems from economic and political science. It is used both in the context of the management of public action and in a strategic ...

Global Economic Governance. Global economic governance has been defined as "governing, without sovereign authority, economic relationships that transcend national borders" (Madhur, 2012, p. 18). While this definition encapsulates a large range of elements comprehended within economic relations, more challenging has been the implementation ...

Abstract. Economic governance consists of the processes that support economic activity and economic transactions by protecting property rights, enforcing contracts, and taking collective action to provide appropriate physical and organizational infrastructure. These processes are carried out within institutions, formal and informal.

Summary. Scholars in the twenty-first century increasingly describe a transformation in the architecture of global governance: from state-led international organizations to one of partnerships, networks, clubs, and layers populated by nongovernmental organizations, public-private partnerships, private organizations, corporations, and foundations.

This essay is part of "Reimagining the global economy: Building back better in a post-COVID-19 world," a collection of 12 essays presenting new ideas to guide policies and shape debates in a ...

At a time when the liberal international economic order seems under threat, the transformation of global economic governance poses a strong normative challenge to existing international institutions. The recent establishment of new international financial institutions (IFIs)-the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB)—signified a steady process of ...

Better economic governance contributes to investments, job creation, and poverty reduction, hereafter a stronger economy. Hence, the promotion of economic governance is a strategic priority for all the nations around the globe. The aim of this entry is to conceptualize, critically analyze, and describe the concepts of economic governance in ...

Good Governance and Economic Performance. The debate about emerging countries' growth prospects is now in full swing. Pessimists stress the feared reversal of private capital flows, owing to the ...

This paper has revealed through an extended systemic literature review that good governance is a prerequisite for economic development, by cross-referencing the ideas of different authors, multitudes of works, and even incompatible results. This is because of the territory and time in which the studies were conducted.

Countries in the Middle East and North Africa (MENA) progress in improving economic governance. However, surveys suggest that citizens and businesses continue to view weak governance and corruption as serious problems in the region. Governance indicators broadly corroborate this view. Improving governance and fighting corruption are key to addressing the COVID-19 pandemic fallout and building ...

This essay concentrates on the intellectual debates of the 1980s and 1990s, ... economic and social development. Governance is a broader notion than government. Governance involves interaction between these formal institu-tions and those of civil society.'7 Tokyo Institute of Technology. The concept of governance refers to the

Good governance has become an important factor in economic growth. Good governance will become one of the UN's Millennium Development Goals. This study aims to show whether indicators of good ...

The article reviews cooperation between the BRICS countries (Brazil, Russia, India, China and South Africa) and their collective efforts to promote reform of international financial institutions, shape global financial regulation and improve financial cooperation. The authors focus on the BRICS-G20 engagement for global economic governance ...

First, the combination of political, economic, and institutional features of good governance, especially the control of corruption and regulatory quality, improves the income of the poor and ...

The aim of this researh to understand the impact of governance on the economic growth. This study finds that control of corruption is a critical factor for economic growth and one unit increases ...

Global Economic Governance Essays. The Role of an Intergovernmental Organization (World Bank) in Global Economic Governance Economic Development. Introduction The paper is interested in showing the role of the World Bank as an IO and the case of allocation of international aid as a governance issue. It embraces the realist and neorealist ...

Global Governance: Political and Economic. The system of global and regional institutions and organisations which has developed mostly after World War 2 was a reaction to the disasters of two world wars and prolonged economic stagnation in the 1930s. The aim was to enable states to come together to agree on shared solutions to shared problems.

The resulting country studies powerfully illustrate the close relationship between growth and governance challenges - in everything from extractives, to infrastructure or energy. Consider the following excerpts (with the countries anonymised): The fundamental obstacles to promoting inclusive economic growth are primarily political in nature ...

Write a short essay on "Economic Governance in the 21st Century". Your essay should be no more than two pages. Economic governance refers to the system of institutions and procedures established to achieve Union objectives in the economic field, namely the coordination of economic policies to promote economic and social progress for the EU and its citizens.

E‐governance is considered one of the most important factors in delivering and administering public services in modern societies. However, data show that many African countries are currently lagging behind countries in other parts of the world. This manuscript investigates how various factors, including economic prosperity, government effectiveness, and infrastructural support, contribute to ...

In a time of great change, accelerating globalization and increasing uncertainty, all countries, whether developed or developing, are searching for a new form of governance that is better adapted to the times so as to gain an advantage in economic competitiveness and create substantial and sustainable social growth. As governance theory is becoming the dominant political theory in response to ...

In addition to working papers, the NBER disseminates affiliates' latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Retirement and Disability, the Bulletin on Health, and the Bulletin on Entrepreneurship — as well as online conference reports, video lectures, and interviews.

Introduction. Our PhD programme on Innovation, Governance and Sustainable Development (IEGSD) offers high-quality education, training and supervision to our PhD candidates, leading to a doctoral degree from Maastricht University.. Through our disciplinary and multidisciplinary research, our ambition is to contribute to the academic debate and to societal policy and innovation solutions at all ...

1. Introduction. In recent years, there has been a significant transformation in the global business landscape, with a growing emphasis on Environmental, Social, and Governance (ESG) criteria (Chopra et al., Citation 2024).This shift is vital for fostering sustainable development and corporate accountability, encouraging enterprises to make informed decisions considering the consequences of ...

Multiple institutions are responsible for and contribute to ensuring that infrastructure investments meet policy objectives. The responsibilities of these institutions have evolved over time and vary from country to country, depending on tradition, constitutional arrangements, and government capacities.

This essay about Reaganomics explores the economic policies implemented during Ronald Reagan's presidency in the 1980s, focusing on tax cuts, deregulation, fiscal restraint, and tight monetary policy. It examines the positive and negative impacts of these policies on economic growth, inflation, income distribution, and the national debt ...

The research emphasises engaging regional and local governments in the green agenda and highlights the need for tailored approaches in multi-level fiscal governance to effectively achieve environmental goals.