The Benefits Of Having A Good Governance
A country cannot steer its economic growth and development that will improve people's lives with a good quality of institutions and a healthy environment without having good governance.
Having good governance is necessary and is essential in order to ensure efficient and equal resource allocations. Governments should give what the people deserve and the needs of each household with transparent regulations and judicial systems, Along with a democratic way of processing that will involve the voice of the people as a part of the nation.
Good governance is a broad concept or topic to be tackled in this article, it is too board to be covered with a single political system. But the crucial factor for gaining effective governance is based on where the decision-making authority settles, and how it is practiced. A good authority should be accompanied by accountability and responsibility in which good governance cannot preserve into any government system.
Good political systems don't guarantee good governance
When talking about incorporations, good governance is about how the company protects its shareholder's rights by addressing all of the problems that include thorough investigations in order to improve the composition and the roles of the board members. Though, good governance depends not only on the legal and regulatory system but also on the ways of actual interactions and dynamics that are relevant to the stakeholders, and are framed and unfold with good authority. Good governance should be supported with a clear commitment to serving the people with moral values, as declared in any national constitutions.
Sadly, good governance will never be obtained overnight. It usually requires a democracy as its requirements, even a good and well-established system cannot guarantee good governance. One of the famous examples for that is the Republic of Korea, the Republic of Korea fully supports democratization with having gone through a lot of transition from an authoritarian type of governance to a civil government that established strong rules of law to serve the people of the country and offer their service with a set of strong rules of law.
Secures The Future Of The State
A state that practices good governance secures its future, with good governance the people of the sate will live freely and will surely enjoy their life. Good governance will surely boost people's engagements and productivity that will boost the state's economy. It will reflect on how the governors rule the state by practicing good governance. Having good governance for your state will really change the way you live, it will give you the brightest future with a secured life. It gives you the assurance that you can rely on the government and that the governments don't practice any corruption. Good governance doesn't support any corruption activities and does not involve their personal needs in the state. A good governor only focuses on the benefits that the people can have with its good governance, it will support the people and will provide the service that the people in the state deserves.