GOVERNANCE IN DEVELOPING COUNTRIES AND EMERGING MARKETS

Sungsoo Kim
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Sungsoo Kim: Hanyang University, South Korea

in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh

Abstract: Governments in developing countries and emerging markets often struggle to increase economic growth while maintaining social and cultural standards due to the conflicting economic and political governance. Although economic growth can be achieved through activities (e.g. capital investment in manufacturing industry, human resource development, entrepreneurship and management skills development, technical and vocational skills, technology implementation, security and social development, corruption reduction and the promotion of public private sectors), government interventions in these activities may not necessarily directly support the economic excellence of developing countries and emerging markets. This study focuses on the importance of expanding human capital by providing education, health and security for economic development, followed by a plan for the development of infrastructure, urban and rural areas. Good governance is necessary to institutionalize human and social capital. Global focus should be on developing human and social capital in the developing countries and emerging markets.

Keywords: GOVERNANCE; DEVELOPING COUNTRIES; EMERGING MARKETS (search for similar items in EconPapers)
Date: 2018
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