Question

Discuss the two key flaws of the World Bank’s approach to good governance in developing countries. Using local examples analyse and discuss the relevance and possible implications of the two flaws for Fiji.

Answer 1

Explanation:

The World Bank had started a new system of Economic Good governance that included around 100 parameters to gauge the performance. World Bank also stated that these parameters have been well thought and would give correct results on economic growth.

However, in reality the things turned out to be different. As the parameters were not so country specific and did not account for individual country challenges. Hence the governance reforms of World bank were not so successful