Good Governance; a panacea for economic ills in Pakistan and beyond

Good Governance; a panacea for economic ills in Pakistan and beyond

Marred by the persistent global financial crunch, the world seems disregarding a number of its previously held ideals. The phenomenon of lingering economic downturn has made it believe that fiscal recovery is perhaps mutually exclusive
with societal welfare, environment protection, quality service delivery and inclusive growth.

These believes have only been paved and strengthened by a defaulting Italy and its uncertain and economically faltering European allies like  Portugal and Spain, that are on the verge of witnessing a similar fiscal fate. However,
even under these challenging monetary times, there are countries that are capable of heading their way to a recovery that is robust in nature and resilient to the economic shocks that rendered the world economically annihilated in the past.

Led by Brazil, India, China and Singapore, these countries have the roots to their economic recovery and ever increasing prosperity in the emerging concepts of good governance. Good governance, although not a new idea, refers to
a participatory decision making process where efficient utilization of resources is ensured, quality of service delivery is guaranteed and, transparency and accountability are emphasized.

Building on their newly realized strengths, the Asian countries are emerging as the new economic leaders of the world. And the focus of this economic boom is concentrated in the South Asian region. Nevertheless, for not being evenly
distributed, this economic rumble faces the inherent threat of being unsustainable in the long run. For making it sustainable, it is essential that the core idea around which this economic progress revolves must be spread and emulated in the entire region,
and for this purpose, there could be no better platform than the South Asian Economic Summit (SAES) to which all the regional countries are looking forward to for the panacea that may address their persistent economic and social challenges.

Considering the fact that the idea of good governance in the modern day world finds its foundation on the concepts of Social Accountability, this year’s SAES – being hosted by the Sustainable Development Policy Institute in Islamabad,
Pakistan, has devoted a full fledge panel on “Social Accountability as Catalyst for Inclusive development in South Asia.”

As evident from the name, the panel intends to deliberate on role of social accountability in improving governance and increasing the development effectiveness while taking on board the marginalized sections of the society. The
said panel will comprise of three research paper presentations from South Asian representatives followed by a brief questions and answers session and remarks by the moderator.

For a wider dissemination of the invaluable research work shared at the occasion, the panel proceedings will be aired live on Sustainable Development Television (SDTV) along with the local and national level television networks
and coverage by the national newspapers and the international media. Moreover, the research papers will be published in form of a book that will briefly encapsulate findings of the entire event for academic facilitation.

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Posted by Fayyaz Yaseen on May 3 2012. Filed under Opinion, Pakistan, South Asia. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry