Is the quality of governance a good pointer to the general economic health of the country?
Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Lifescience Global
Abstract
Good governance is believed to be instrumental in facilitating an environment for sustainable economic growth, especially for developing countries. It is no surprise that there is a growing public interest in the interplay of political and economic systems in South Africa. The chief concern is that the country is plagued by a couple of economic challenges such as sluggish gross domestic product (GDP) growth, poverty, lack of service delivery, poor financial management, weak business confidence, massive unemployment, and corruption are threats to the economic growth. It is generally believed that good governance would minimize persistent ills of the economy and ultimately pave the way for restoring economic growth. But is the quality governance the principal stimulus of a country’s economic growth? This is the chief questions which this article will attempt to answer. Based on the good governance and neoclassical growth theory, and good governance theory, this article seeks to analyse and evaluates the impact of the quality of governance on the growth of the economy in South Africa.
Description
CITATION: Madumi, P. 2019. Is the quality of governance a good pointer to the general economic health of the country?. Journal of Reviews on Global Economics, 8:1491-1498, doi:10.6000/1929-7092.2019.08.132.
The original publication is available at https://lifescienceglobal.com/independent-journals/journal-of-reviews-on-global-economics/
The original publication is available at https://lifescienceglobal.com/independent-journals/journal-of-reviews-on-global-economics/
Keywords
Corruption, Sustainable development -- South Africa, Poverty -- Government policy -- South Africa, South Africa -- Social conditions -- 1994-, South Africa -- Economic conditions -- 1994-, Corporate governance -- South Africa, Economic development -- South Africa, Corruption -- South Africa, South Africa -- Politics and government -- 1994-
Citation
Madumi, P. 2019. Is the quality of governance a good pointer to the general economic health of the country?. Journal of Reviews on Global Economics, 8:1491-1498, doi:10.6000/1929-7092.2019.08.132