The Relationship Between Good Governance and Economic Development In Arab Countries: A Cross Country Perspective
DOI:
https://doi.org/10.55202/ajms.v1i2.43Keywords:
corporate finance, sustainable economy, corporate governanceAbstract
The concept of good governance has grown in prominence over the last several years. Reform and good governance projects have proliferated, with the United States spearheading various programs to bring about substantial political change in the Middle East. Due to the absence of democracy, restrictions on civil liberties, and the lack of fair elections, independent institutions, and transparency in many nations, this transformation has become necessary for all Arab countries. The article discusses the notion of good governance and patterns in development in Arab countries from the late twentieth century to the present. Additionally, it seeks to examine the link between good governance and economic development. The findings reveal a clear correlation between the form of government institutions and the potential for growth in Arab states. Improved governance and a move toward democracy broaden such countries' growth prospects
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