Improved governance in emerging markets – the case of China

Improved governance in emerging markets – the case of China

Sebastian Petric, London School of Economics and Political Science (LSE), 16 December 2020

The link between economic performance and institutions is significant. Research points to the fact that the question is not anymore whether institutions are important but which institutions to focus on, as well as how to develop these. An improvement in the quality of institutions can lead to a substantial growth spurt. One important aspect with respect to institutions is governance. According to the World Bank, governance is defined as the traditions and institutions by which authority can be exercised. In this short article, LSE ID alum, Sebastian Petric argues that for a functioning society, institutions for governance are crucial.

Read the blog in full here.