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by Mushtaq H. Khan

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@MISC{Khan_summary,
    author = {Mushtaq H. Khan},
    title = {Summary},
    year = {}
}

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Abstract

A growing body of theory and evidence suggests that the state must do more than create an economic environment for market-driven growth if markets are to deliver sustained increases in investment, production and employment to reduce poverty. The contemporary focus on good governance reforms in developing countries is based on developing market-enhancing governance capabilities of states. If successful, this type of governance should make markets more efficient. However, the evidence in support of these reforms is poor. The cross-sectional evidence can be used to extract some support for the importance of market-enhancing governance, but the data is weak and can support a number of different results. The evidence that is available is presented in this paper, and we argue that it actually supports the view that ‘good governance ’ reforms are difficult to implement in any developing country. Rapidly growing countries in general did not enjoy better market-enhancing governance conditions compared to the others. If some developing countries nevertheless did very well in terms of sustained convergence, they must have had some other governance capabilities that allowed them to

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