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Development Models in Muslim ContextsChinese, 'Islamic' and Neo-liberal Alternatives$
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Robert Springborg

Print publication date: 2009

Print ISBN-13: 9780748639687

Published to Edinburgh Scholarship Online: March 2012

DOI: 10.3366/edinburgh/9780748639687.001.0001

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Is “Good Governance” an Appropriate Model for Governance Reforms? The Relevance of East Asia for Developing Muslim Countries

Is “Good Governance” an Appropriate Model for Governance Reforms? The Relevance of East Asia for Developing Muslim Countries

Chapter:
(p.195) Chapter 9 Is “Good Governance” an Appropriate Model for Governance Reforms? The Relevance of East Asia for Developing Muslim Countries
Source:
Development Models in Muslim Contexts
Author(s):

Mushtaq Khan

Publisher:
Edinburgh University Press
DOI:10.3366/edinburgh/9780748639687.003.0010

Governance is what states do, and since states play an important role in the development process, there is a consensus that governance must be crucial for development. From the perspective of good governance theory, when market failure in developing countries is serious, the best way to address these failures is by improving the efficiency of the market through good governance. This chapter examines whether good governance is an appropriate model and a practical route for governance reforms in developing countries. It aims to determine whether these reforms can be implemented to an extent that will significantly increase market efficiency. It also discusses whether improvement in market efficiency will be sufficient to drive economic growth and broad-based development. In this chapter, market-enhancing governance and growth-enhancing governance are discussed from a comparative perspective. Included as well in this chapter is historical evidence which proves that good-governance reforms have achieved a sustained growth and development.

Keywords:   governance, development process, market failure, good governance, governance reforms, market-enhancing governance, growth-enhancing governance, good-governance reforms

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