Good Governance and the Prospect of Sustainable Growth and Development in Africa

2021 ◽  
pp. 287-303
Author(s):  
Omololu Fagbadebo ◽  
Nirmala Dorasamy
Keyword(s):  
Growth And Development ◽  
Good Governance ◽  
Sustainable Growth

Board Effectiveness: An Evaluation based on Corporate Governance Score

Think India ◽  
2015 ◽  
Vol 18 (1) ◽  
pp. 16-23
Author(s):  
Hitesh Shukla ◽  
Nailesh Limbasiya
Keyword(s):  
Corporate Governance ◽  
Good Governance ◽  
Sustainable Growth ◽  
Governance Mechanism ◽  
Minority Shareholders ◽  
Effective Governance ◽  
Performance Orientation ◽  
Corporate Governance Mechanism ◽  
And Performance ◽  
Ethical Governance

Growth, progress, and prosperity of any country depend highly on the corporate governance mechanism of that country. Good governance of a country helps it to sustainable growth and consistency in progress. The good governance should contribute towards the improvement in transparency, ethics, morality, and disclosure. The principles of good governance stand on honesty, trust, integrity, openness, and performance orientation. Our honorable Prime Minister Narendra bhai Modi had given the three E for good governance during his speech on Independence Day i.e. Effective Governance, Electronic Governance, and Ethical Governance. The fundamental concern of corporate governance mechanism is to ensure the protection of minority shareholders/owners of specific firms. Mechanism of a corporate governance specifies the relations among the shareholders, board of directors, and managers. The present paper is an attempt to evaluate the effectiveness of the board by calculating the corporate governance score. The mandatory and non-mandatory guidelines have been considered while assigning points to specific parameters of the corporate governance.

Ilusi Good Governance

2018 ◽  
Author(s):  
Shohibul Anshor Siregar
Keyword(s):  
Good Governance ◽  
Sustainable Growth ◽  
Sub Saharan Africa ◽  
Sub Saharan

Sebelum menjadi wacana internasional yang secara otoritatif “dipaksakan” ke seluruh dunia pada dekade 1990-an, terminologi Good Governance (GG) pertama kali diperkenalkan oleh Bank Dunia (BD) dalam publikasinya (1989) berjudul Sub Saharan Africa: From Crisis to Sustainable Growth. BD memang sangat agresif mengkampanyekan konsep GG, bahkan memaksa dilakukannya penyesuaian-penyesuaian kelembagaan sebagai prasyarat mendapatkan bantuan pembangunan. Setiap negara wajib tunduk pada kriteria yang dibuat, dan para konsultan ditugasi untuk memperlancar proses itu.

scholarly journals Civic Education for Sustainable Development

2015 ◽  
Vol 4 (1) ◽  
pp. 5-22
Author(s):  
Bernhard Ohlmeier
Keyword(s):  
Sustainable Development ◽  
Civic Education ◽  
Environmental Sustainability ◽  
Good Governance ◽  
Education For Sustainable Development ◽  
Sustainable Growth ◽  
Education For Sustainability ◽  
German Development ◽  
Political Dimension ◽  
Economic Productivity

Abstract Education for sustainable development (ESD) often fails to consider the political dimension. To address this gap, this paper focuses on a specific political approach to ESD. The model presented is derived from the four sustainable growth targets of German Development Policy. Instead of relying on a neo-classical or neo-liberal economic paradigm, however, the goals of social justice, environmental sustainability, economic productivity and good governance are interpreted using a sustainability model. This model is anchored in a steady-state economy that has overcome the myth of unlimited material growth and seeks to stay within the limits of the planet's resources. The preconditions of good governance are outlined, and it is described how the state and civil society can contribute to this normative goal. In addition to social, ecological, economic and political components, the presented model for civic education for sustainability considers conflicts between different development components and the need for horizontal and vertical coherence. In conclusion, the paper shows that civic education for sustainability must aim to produce informed and empowered global citizens. Citizens should have the ability to employ their knowledge and skills responsibly through local and global civic involvement while also remaining aware of their own interests. Furthermore, it falls to educational policy makers to create national as well as international organisational structures that facilitate civic ESD.

scholarly journals The Open Innovation Model of Coaching Interaction in Organisations for Sustainable Performance within the Life Cycle

2018 ◽  
Vol 10 (10) ◽  
pp. 3516 ◽  
Author(s):  
Angelina Roša (Rosha) ◽  
Natalja Lace
Keyword(s):  
Life Cycle ◽  
Open Innovation ◽  
Growth And Development ◽  
Driving Forces ◽  
Life Cycle Stage ◽  
Sustainable Growth ◽  
Business World ◽  
Sustainable Performance ◽  
Life Cycle Stages ◽  
Innovation Model

Organizations need innovation to be competitive and sustainable on their marketplace. Sustainable performance is an important precondition for growth and development. In spite of a body of literature, non-financial factors of sustainable performance remain an open issue. Coaching has gained considerable attention in the business world for its impact on sustainable performance. The current research investigates the use of coaching interaction to facilitate organizational sustainable growth and development in the context of Miller and Friesen’s five stage life-cycle model. The expert opinion survey is chosen as a central method of research. The questionnaire is developed on the literature review that is focused on the drivers for sustainable development throughout the life cycle, and the features of coaching that accelerate these driving forces. Fifteen experts took part in the survey conducted from November 2017 to January 2018. The results are estimated by considering the competence coefficient for each expert. The findings led to creation of an open innovation model, which displays relationships between the appropriate coaching forms and types and the organizational life cycle stages. The developed model enables choosing the optimal way of coaching delivery at any life cycle stage. This model is particularly valuable for the coaching support programs.

scholarly journals Does Seasonality and Stochastic Cycles Affect Output Growth in Nigeria? Lessons for Development Planning

2016 ◽  
Vol 8 (3(J)) ◽  
pp. 48-53
Author(s):  
Kanayo Ogujiuba ◽  
Terfa W Abraham ◽  
Nancy Stiegler
Keyword(s):  
Growth And Development ◽  
Development Planning ◽  
Output Growth ◽  
Sustainable Growth ◽  
Inclusive Development ◽  
North East ◽  
The North ◽  
Development Plans ◽  
Two Measures ◽  
Fiscal And Monetary Policy

This paper examines the seasonality and stochastic cycle associated with GDP growth in Nigeria using two measures of filter. Our findings include, that the Christiano & Fitzgerald (2003) filter removed low-periodicity stochastic cycles associated with output growth in Nigeria compared to the Hodrick Prescott filter. The smoothed GDP trend further revealed that growth in Nigeria was higher but unstable in periods of development planning than in periods without development plans. This suggests that development planning in Nigeria was not accompanied by judicious mix of fiscal and monetary policy in the 1980s/1990s. Likewise, effort to achieve sustainable growth and development, since the return to democracy in 1999, has not been accompanied by effective planning. To achieve inclusive development therefore, there is the need to return to development planning in order to address the destruction meted by insurgents in the North east and the lack of inclusiveness in Nigeria’s growth observed in recent times.

Impact assessment of political administrations on the performance of the construction sector: a time series analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Najimu Saka ◽  
Abdullahi Babatunde Saka ◽  
Opeoluwa Akinradewo ◽  
Clinton O. Aigbavboa
Keyword(s):  
Time Series ◽  
Growth And Development ◽  
Time Series Data ◽  
Critical Factor ◽  
Sustainable Growth ◽  
Analysis Of Covariance ◽  
Series Data ◽  
Construction Sector ◽  
Content Type ◽  
Ancova Model

Purpose The complex interaction of politics and the economy is a critical factor for the sustainable growth and development of the construction sector (CNS). This study aims to investigate the effects of type of political administration including democracy and military on the performance of CNS using the Nigerian Construction Sector (NCS) as a case study. Design/methodology/approach A 48 year (1970–2017) time series data (TSD) on the NCS and the gross domestic product (GDP) based on 2010 constant USD were extracted from the United Nations Statistical Department database. Analysis of variance (ANOVA) and analysis of covariance (ANCOVA) models were used to analyze the TSD. The ANCOVA model includes the GDP as correlational variable or covariate. Findings The estimates of the ANOVA model indicate that democratic administration is significantly better than military administration in construction performance. However, the ANCOVA model indicates that the GDP is more important than political administration in the performance of the CNS. The study recommends for a new national construction policy, favourable fiscal and monetary policy, local content development policy and construction credit guaranty scheme for the rapid growth and development of the NCS. Originality/value Hitherto, little is known about the influence of political administration on the performance of the CNS. This study provides empirical evidence from a developing economy perspective. It presents the relationships and highlights recommendations for driving growth in the construction industry.

Tourism and Hospitality in Ethiopia's Development Agenda

2018 ◽  
pp. 398-415
Author(s):  
Alelign Aschale Wudie
Keyword(s):  
Political Ideology ◽  
Growth And Development ◽  
Scale Up ◽  
Sustainable Growth ◽  
Knowledge And Skills ◽  
Management Culture ◽  
Finance Management ◽  
Development Agenda ◽  
Remedial Actions ◽  
Tourism And Hospitality

The tourism and hospitality operation is a lucrative but volatile business. Concerns about its sustainability require utmost knowledge and skills. Practicable philosophies about people, economics, finance, management, culture, and political ideology are essential. The chapter critically analyzes trans-disciplinary options that can assist responsible stakeholders to make and take remedial actions and classified decisions for sustainable growth and development in Ethiopia. Fundamental but profitable actions that demand a timely call for Ethiopia's tourism and hospitality amelioration are explicated. Underlined is that a destination should not entertain decline at the expense of rejuvenation. Skilled dependence on technology can boost returns and scale up on indigenous resources to sustain a tourism and hospitality operation. In a nutshell, a trans-disciplinary vibrant interaction of growth and development variables can create and highly soar the hegemonic status quo of tourism and hospitality business operation in Ethiopia.

Sustainable Consumption Trends in the World in the Context of Green Economy and Sustainability

2017 ◽  
pp. 1605-1624
Author(s):  
Seda Yıldırım ◽  
Durmuş Çağrı Yıldırım ◽  
Ayfer Gedikli
Keyword(s):  
Sustainable Development ◽  
Economic Performance ◽  
Growth And Development ◽  
Sustainable Consumption ◽  
Life Quality ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Green Economy ◽  
Economic Policies ◽  
The World

Nowadays, sustainable growth and development are main economic policies for the countries all over the world. Decreasing natural resources, deepening environmental pollution and global warming problems are red alert of our planet. Every single country on the earth has the responsibility to protect our planet. So, increasing environmental awareness caused new tendencies in consumer behaviors. Countries aim not to pollute or harm the environment while improving their economic performance and life quality by green economy. Besides, by sustainable consumption, it is aimed to support personal sustainable development. In this context, sustainable consumption trends and the reflections of green economy applications in the world will be discussed in this chapter. In addition, developed countries and developing countries will be compared with each other through results of global ecological footprint.

BoD Structure and Corporate Governance Models

2021 ◽  
pp. 281-292
Author(s):  
Mahboob Ullah
Keyword(s):  
Corporate Governance ◽  
Financial Markets ◽  
Financial Crises ◽  
Growth And Development ◽  
Good Governance ◽  
Corporate Boards ◽  
Corporate Structure ◽  
Corporate Body ◽  
Technology Advancement ◽  
Governance Models

Corporate governance, the soul of every corporate body, is indispensable for the survival, growth, and development of any kind of organization. It has significant impact and influence in attaining the confidence of stakeholder. Good governance leads to instill the confidence of stakeholder. The significance of corporate governance has increased globally in past decades due to financial crises, technology advancement, liberalizations, emergence of financial markets, and liberalization of trade and capital mobilization. Corporate boards, academicians, legislators, and in all businesses, corporate governance are believed to be a mainstream concern in corporate structure.

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