Good Governance in the 21st Century

Good Governance in the 21st Century

Conflict, Institutional Change, and Development in the Era of Globalization

New Thinking in Political Economy series

Edited by Joachim Ahrens, Rolf Caspers and Janina Weingarth

This book explores the interdependences of economic globalisation, political tensions, and national policymaking whilst analysing opportunities for governance reform at both national and international levels. It considers how governance mechanisms can be fashioned in order to both exploit the opportunities of globalization and cope with the numerous potential conflicts and risks.

Chapter 7: Small Countries – Useful Lessons: Governance in EU Accession Countries and in East Asia

Joachim Ahrens

Subjects: development studies, development economics, economics and finance, development economics, institutional economics, political economy, politics and public policy, international relations, political economy

Extract

7. Small Countries - Useful Lessons: Governance in EU Accession Countries and in East Asia Joachim Ahrens 1. INTRODUCTION The following sub-sections portray the emerging governance structures of two different success cases in economic transition and development - the group of European Union (EU) accession countries in Central and Eastern Europe (CEE) and the high-perfonning Asian economies (HPAEs) which had started their economic catching-up processes in the 1960s. 1 It is argued that best-practice governance structures cannot be defined due to different initial conditions, different economic structures and stages of economic development, different political interests and societal preferences. Instead, in CEE and East Asia distinct market-enhancing governance structures (MEGS) have been emerging, which have served as catalysts to economic transition and development. These MEGS have positively affected the respective government's credibility and improved the attraction of these countries as a destination of investment and production. Although these cases differed from one another, they fit into the analytical comparative concept of governance outlined in this book's introductory chapter. Even if none of the countries was able to bring about a perfect MEGS, governance-related institutions in all countries scored comparatively high according to the four dimensions of governance - 'comparatively' relating to a comparison with other countries at a similar stage of economic development or in a similar phase of transition. Also, the relatively good perfonnance in tenns of institutional quality has not necessarily related to all pillars of a MEGS equally. But in sum, the emerging governance structures have been conceived...

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