Question

Eassy what is significance of the cours on governance and development?

Answer 1

Answer:

Gover­nance, according to their interpretation has four main components:

i. Public Sector Management;

ii. Accountability;

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iii. Legal Framework for Development; and

iv. Transparency and Information Accessibility.

Governance as per these components basically implies the proper formulation and implementation of policies by government agencies, within well-defined legal framework. It also emphasises on people getting the necessary information, fostering openness in the system and ensuring accountability on the part of politicians and bureaucracy or administrators.

The World Bank, in 1992, in its Report titled “Governance and Development” considered good governance as central for creating a proper environment which is necessary for sound economic policies.

Explanation:

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