The Idea of Good (Enough) Governance - A Look from Complexity Economics
Faculty of Economic Sciences (University of Warsaw) Working Paper Series, No 5/2012
23 Pages Posted: 8 Nov 2012
Date Written: April 6, 2012
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.
Keywords: good governance, good enough governance, complexity economics, economic development
JEL Classification: H11, O10, B52, D78
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