Podcast
Questions and Answers
What does the definition of governance include?
What does the definition of governance include?
Which of the following is not considered an indicator for measuring governance across the EU?
Which of the following is not considered an indicator for measuring governance across the EU?
According to the World Bank, economic governance involves which of the following?
According to the World Bank, economic governance involves which of the following?
What is emphasized in the definition of economic governance?
What is emphasized in the definition of economic governance?
Signup and view all the answers
Which aspect of governance does Dixit emphasize?
Which aspect of governance does Dixit emphasize?
Signup and view all the answers
What is a primary function of economic governance?
What is a primary function of economic governance?
Signup and view all the answers
Which term best describes the critical role of governance in a globalized world?
Which term best describes the critical role of governance in a globalized world?
Signup and view all the answers
In the context of economic governance, which of these is considered a necessary characteristic?
In the context of economic governance, which of these is considered a necessary characteristic?
Signup and view all the answers
What does state capacity primarily refer to?
What does state capacity primarily refer to?
Signup and view all the answers
Which factor is NOT explicitly mentioned as part of the quality of democratic institutions?
Which factor is NOT explicitly mentioned as part of the quality of democratic institutions?
Signup and view all the answers
What is suggested to have a causal link with economic growth?
What is suggested to have a causal link with economic growth?
Signup and view all the answers
Which aspect does reflexivity in governance NOT encompass?
Which aspect does reflexivity in governance NOT encompass?
Signup and view all the answers
How can we ensure effective and inclusive development according to the content?
How can we ensure effective and inclusive development according to the content?
Signup and view all the answers
What is a characteristic of effective state institutions?
What is a characteristic of effective state institutions?
Signup and view all the answers
What is critical for sustainable human development?
What is critical for sustainable human development?
Signup and view all the answers
Which of the following is an indicator of governance effectiveness?
Which of the following is an indicator of governance effectiveness?
Signup and view all the answers
What percentage does the institution category hold in measuring competitiveness?
What percentage does the institution category hold in measuring competitiveness?
Signup and view all the answers
What does the corruption perception index range represent?
What does the corruption perception index range represent?
Signup and view all the answers
What is the main function of Transparency International?
What is the main function of Transparency International?
Signup and view all the answers
In which year was the corruption perception index first established?
In which year was the corruption perception index first established?
Signup and view all the answers
Which of the following is NOT part of the characteristics under security in the governance indicators?
Which of the following is NOT part of the characteristics under security in the governance indicators?
Signup and view all the answers
Which of the following dimensions is NOT part of effective sustainability governance?
Which of the following dimensions is NOT part of effective sustainability governance?
Signup and view all the answers
How many world economies are evaluated by the corruption perception index?
How many world economies are evaluated by the corruption perception index?
Signup and view all the answers
Which component has the highest percentage share within public institutions?
Which component has the highest percentage share within public institutions?
Signup and view all the answers
What is included in the efficiency of the legal framework under governmental effectiveness?
What is included in the efficiency of the legal framework under governmental effectiveness?
Signup and view all the answers
What does 'policy coherence' refer to in the context of sustainability governance?
What does 'policy coherence' refer to in the context of sustainability governance?
Signup and view all the answers
How are the private institutions weighted in the institutions pillar?
How are the private institutions weighted in the institutions pillar?
Signup and view all the answers
What is the primary purpose of the Bribe Payers Index?
What is the primary purpose of the Bribe Payers Index?
Signup and view all the answers
Which key aspect is addressed by the dimension of 'participation' in effective governance?
Which key aspect is addressed by the dimension of 'participation' in effective governance?
Signup and view all the answers
Which aspect is NOT addressed under governmental transparency?
Which aspect is NOT addressed under governmental transparency?
Signup and view all the answers
Which of the following is a sub-component of the excessive influence category?
Which of the following is a sub-component of the excessive influence category?
Signup and view all the answers
Which of the following statements about the corruption perception index is accurate?
Which of the following statements about the corruption perception index is accurate?
Signup and view all the answers
What is one benefit of openness and transparency in governance?
What is one benefit of openness and transparency in governance?
Signup and view all the answers
How does transparency in government behavior impact investment?
How does transparency in government behavior impact investment?
Signup and view all the answers
What aspect of governance does transparency significantly improve?
What aspect of governance does transparency significantly improve?
Signup and view all the answers
What intrinsic value does transparency hold according to international conventions?
What intrinsic value does transparency hold according to international conventions?
Signup and view all the answers
What percentage of citizens in the Global Opening Government Survey expressed the desire for more government openness?
What percentage of citizens in the Global Opening Government Survey expressed the desire for more government openness?
Signup and view all the answers
Which of the following statements reflects a misconception about transparency?
Which of the following statements reflects a misconception about transparency?
Signup and view all the answers
How can transparency improve governance outcomes?
How can transparency improve governance outcomes?
Signup and view all the answers
What is a consequence of a lack of transparency in governance?
What is a consequence of a lack of transparency in governance?
Signup and view all the answers
What is the estimated annual loss in tax revenue due to illicit financial flows from the developing world?
What is the estimated annual loss in tax revenue due to illicit financial flows from the developing world?
Signup and view all the answers
Which aspect is NOT identified as a consequence of corruption?
Which aspect is NOT identified as a consequence of corruption?
Signup and view all the answers
Which organization found a link between anti-corruption initiatives and improved literacy rates?
Which organization found a link between anti-corruption initiatives and improved literacy rates?
Signup and view all the answers
Which of the following is one of the five key features that strengthen economic resilience?
Which of the following is one of the five key features that strengthen economic resilience?
Signup and view all the answers
What is the estimated total value of assets owned by individuals in offshore banks?
What is the estimated total value of assets owned by individuals in offshore banks?
Signup and view all the answers
Which of the following features is NOT related to an innovative and diverse business base in economic resilience?
Which of the following features is NOT related to an innovative and diverse business base in economic resilience?
Signup and view all the answers
According to the content, corruption disproportionately affects which group of people?
According to the content, corruption disproportionately affects which group of people?
Signup and view all the answers
How many features are identified as strengthening resilience to economic shocks?
How many features are identified as strengthening resilience to economic shocks?
Signup and view all the answers
Study Notes
Economic Governance in a Globalized World
- Economic governance in a globalized world is transitioning from a global perspective to a more regional one.
Structure of the Lecture
- The lecture covers the concept of governance and economic governance.
- It examines economic governance as a factor for economic growth.
- Instruments to measure governance across the EU include the World Bank Governance Indicators, the Competitiveness Index, and the Transparency Index.
- The lecture also discusses future considerations.
Defining Governance
- Governance is defined, according to Oxford English Dictionary, as the action or manner of governing, controlling, the function of governing, permission or authority to govern, the manner in which something is governed (regulatory system, discipline) and the method to develop a business or lifestyle.
- World Bank defines governance as the traditions and institutions by which authority is exercised in a country, encompassing the process of selecting, monitoring, and replacing governments, their capacity to implement sound policies, and respect for institutions governing social and economic interactions.
- Economic governance relates to functioning and organisation of institutions supporting economic activities by protecting property rights, implementing arrangements, and providing infrastructure for connecting economic actors.
Governance and Government
- Alan Greenspan argues that reputation and trust are fundamental aspects of free-market capitalism in a free society.
Good Governance
- Key aspects of good governance include openness, transparency, integrity, performance orientation, and effective collaboration.
Weak Governance
- Weak governance is characterized by corruption, inefficient policies, and social exclusion.
Governance Indicators
- The World Bank develops indicators to understand governance.
- Kaufmann et al. (2010) created indicators for analyzing governance processes across countries.
- Indicators include Voice and Accountability (freedom of expression, media, elections), Political Stability/Absence of Violence/Terrorism, Government Effectiveness (quality of services), Regulatory Quality (developing regulations), Rule of Law (enforceability of contracts), and Control of Corruption.
- The World Economic Forum publishes an annual report on competitiveness, including a category focused on institutions, which accounts for 25% of the indicators used to measure competitiveness.
Transparency International
- Transparency International focuses on reducing corruption in global economies.
- Their key indicators include the Corruption Perception Index, Global Corruption Barometer, and Bribe Payers Index.
- The Corruption Perception Index measures perceptions of corruption among public officials and politicians, ranging from 0 (highly corrupt) to 100 (least corrupt).
Governance for Sustainable Development
- The lecture discusses if mechanisms for effective and inclusive development exist.
- It also outlines challenges and possible unintended consequences.
Dimensions of Effective Sustainability Governance
- Key dimensions of effective sustainability governance include participation, policy coherence, reflexivity and adaptation, and democratic institutions.
Governance Indicators in Practice
- State capacity, the ability of states to implement policies across their territory, is crucial for sustainable development.
- Evidence shows a link between the quality of public administration and economic growth.
- Transparency and openness in government are crucial for achieving sustainable development.
- Corruption has negative effects on sustainable development, hindering health, education, equity, rule of law, and foreign investment.
- Corruption, estimated at USD$1 trillion annually in developing countries and resulting in USD$250 billion in lost tax revenue, significantly hampers progress.
Economic Resilience and Good Governance
- Resilience to economic shocks is enhanced by a strong, diverse, innovative business base, skilled labor force, strong community, and good governance.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This quiz explores the concept of economic governance and its evolution from a global to a more regional perspective. It examines the impact of governance on economic growth and discusses various instruments used to measure governance across the EU. Additionally, future considerations in the field are addressed.
