News reported on 03/14/07 12:44 PM
Defining and exploring the scope of governance is more difficult than it might seem. To shed light on this difficult conundrum, Daniel Kaufmann, Director of Global Programs for the World Bank Institute, presented his research on measuring governance. As was pointed out earlier in the conference, this kind of data is essential for a plan on fighting corruption, as it allows economists and policymakers to pinpoint where corruption is creating the greatest drag on a country, and where incentives are encouraging it. Progress has been mixed thus far, and thus hard questions remain to be asked. Kaufmann pointed out that easy picks, such as mere adoption of a revised law or a code, will not suffice. Instead, more focus is required on difficult issues of political and institutional governance, including reforms in the financial sector, transparency, media, and political finance. Evidence was presented on governance areas that matter for controlling corruption, and Kaufmann emphasized the need for collective action and responsibility, also showing the corruption that is generated in richer countries.