Chapter

Is “Good Governance” an Appropriate Model for Governance Reforms? The Relevance of East Asia for Developing Muslim Countries

Mushtaq Khan

in Development Models in Muslim Contexts

Published by Edinburgh University Press

Published in print September 2009 | ISBN: 9780748639687
Published online March 2012 | e-ISBN: 9780748653171 | DOI: http://dx.doi.org/10.3366/edinburgh/9780748639687.003.0010
Is “Good Governance” an Appropriate Model for Governance Reforms? The Relevance of East Asia for Developing Muslim Countries

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Governance is what states do, and since states play an important role in the development process, there is a consensus that governance must be crucial for development. From the perspective of good governance theory, when market failure in developing countries is serious, the best way to address these failures is by improving the efficiency of the market through good governance. This chapter examines whether good governance is an appropriate model and a practical route for governance reforms in developing countries. It aims to determine whether these reforms can be implemented to an extent that will significantly increase market efficiency. It also discusses whether improvement in market efficiency will be sufficient to drive economic growth and broad-based development. In this chapter, market-enhancing governance and growth-enhancing governance are discussed from a comparative perspective. Included as well in this chapter is historical evidence which proves that good-governance reforms have achieved a sustained growth and development.

Keywords: governance; development process; market failure; good governance; governance reforms; market-enhancing governance; growth-enhancing governance; good-governance reforms

Chapter.  12649 words.  Illustrated.

Subjects: Society and Culture

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