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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.

Suggested Citation

  • Łukasz Hardt, 2012. "The Idea of Good (Enough) Governance. A Look from Complexity Economics," Working Papers 2012-05, Faculty of Economic Sciences, University of Warsaw.
  • Handle: RePEc:war:wpaper:2012-05
    as

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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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    References listed on IDEAS

    as
    1. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

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

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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