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

Łukasz Hardt ()
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Łukasz Hardt: University of Warsaw, Faculty of Economic Sciences

No 2012-05, Working Papers from Faculty of Economic Sciences, University of Warsaw

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.

Keywords: good governance; good enough governance; complexity economics; economic development (search for similar items in EconPapers)
JEL-codes: B52 D78 H11 O10 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2012
New Economics Papers: this item is included in nep-hme and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP71.pdf First version, 2012 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2012-05

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