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The Idea of Good (Enough) Governance. A Look from Complexity Economics

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  • Łukasz Hardt

    ()
    (University of Warsaw, Faculty of Economic Sciences)

Abstract

Nowadays we observe a consensus in the development literature that the quality of governance matters for economic development. Therefore, many postulate the implementation of good governance principle, however, that very idea is not well defined and conceptualized. This paper offers some insights into the way that concept can be better understood. We do that by applying the conceptual apparatus taken from the complexity economics. What follows is the conclusion that the idea of good governance as seen from the perspective of complexity economics is very similar to the one of good enough governance. Moreover, we present some pragmatic recommendations for both development policies as well as the ways such policies should be prepared.

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File URL: http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP71.pdf
File Function: First version, 2012
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Bibliographic Info

Paper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2012-05.

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Length: 23 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:war:wpaper:2012-05

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Keywords: good governance; good enough governance; complexity economics; economic development;

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  1. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
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