Journal Article

Good governance and the dilemma of development: what lies beneath?

Indrajit Roy

in Socio-Economic Review

Published on behalf of Society for the Advancement of Socio-Economics

Volume 3, issue 1, pages 83-116
Published in print January 2005 | ISSN: 1475-1461
Published online January 2005 | e-ISSN: 1475-147X | DOI: http://dx.doi.org/10.1093/SER/mwi002
Good governance and the dilemma of development: what lies beneath?

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  • Moral Philosophy
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Ideas unleash human imaginations, as well as hold these imaginations on a leash. However, they are scarcely disarticulated from material realities. Together with these realities, they take on the form of discourses—words, concepts and thoughts that characterize how we live. ‘Good governance’ has come to occupy such a space in the practical and theoretical discussions on development. This paper attempts to put current understanding into perspective, by locating specific trends in government reform and public expenditure. It realizes that the nature of the Indian state, international finance and fiscal prudence, rather than responsiveness to democratic demands of poor people, inform the discourse on ‘good governance’. Such thinking among the key players poses a dilemma to the theory and practice of development, because it reflects the tendency of the state to shy away from responsibility to its citizens. The discourse on ‘good governance’ must articulate democratic aspirations.

Keywords: Institutional political economy; hegemony; self-reliance ratio; development agendas; JEL classification: O20, B5 (B52 Institutional), E6 (E62 Public expenditures, investment, and finance), H7 (H71 State and local taxation, subsidies, and revenue)

Journal Article.  0 words. 

Subjects: Moral Philosophy ; Corporate Social Responsibility ; Welfare Economics ; Political Economy ; Economic Sociology

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