Better Governance Is a Key Element of "Second Generation" Reforms

• Pages: 238

Page 238

"Many countries have reduced the negative aspects of state intervention in their economies, but they have yet to develop their public institutions into a positive force for growth and development. That process begins by increasing the transparency of government operations, so as to limit opportunities for corruption and enhance public accountability. At the same time, countries must rededicate the state to fulfilling the tasks that are so essential to the confidence of private savers and investors and the smooth functioning of their economies such as providing reliable public services; establishing a...