Question

Importance of political economy of decenteralized governance

Answer 1

According to Stilwell, political economy rejects a narrow focus on “pure markets” in favour of a “broader view of economic enquiry, its social purpose and its political application”. It's an approach that stresses the importance of historical processes, structural forces and institutions in shaping economic outcomes.

Political decentralization signifies a reduction in the authority of national governments over policymaking. ... Decentralization reforms may occur for administrative reasons, when government officials decide that certain responsibilities and decisions would be handled best at the regional or local level.

Answer 2

Answer:

• The principle of accountability works best at local level,
• devolution of power makes government more accountable for the implementation of its tasks.
• Decentralization also increases the level of citizen participation in making major decisions and directly affecting the community

Explanation:

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