While offering contributions to our knowledge on modern governance, the model of social and political governance tends to avoid or at least overlooks the economic, and especially the political economy, dimensions and questions. Economic dimension is the central dimension of all governance processes, structures, and values; ignoring this central dimension obscures any meaningful discussion or discourse on democratic governance.
The notion of “good governance” has been promoted through international agencies as well as corporate and government consultants whose main purpose it has been to structurally reform the governments and economies in developing countries in favor of globalizing corporate elites.
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