TABLE OF CONTENT
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3.0 Statement of the Problem
4.0 Research Questions
5.0 Research Objectives
6.0 Significance of the Study
7.0 Literature Review
7.1 Definition and indicators of governance
7.1.1 Broad definition of governance
7.1.2 Governance from economic perspective
7.2 Governance relationship with development and growth
7.3 Governance link to crisis and roles in recovery process
7.4 Governance roles in crisis prevention
8.0 Overview on the Study of Governance
8.1 Development of the study of governance
8.2 Scope and limitation of the concept of governance
9.1 Case Study Analysis
9.2 Index for Economic Governance Quality
9.3 Analysis of Causal and Dynamic relationship to growth
The proposed research attempts to identify the critical components of economic governance in four Asian countries namely Malaysia, South Korea, Thailand and Indonesia. The study by employing in-depth case study analysis seeks to analyze the economic governance practices in these countries and its relationship to their economic growths. The study then attempts to investigate the links between economic governance and the Asian financial crisis in 1997, and the roles the economic governance could have played in the recovery process since the above countries had somehow recovered at somewhat different speed. Based on the identified components of economic governance considered imperative for sustainable and resilient economy, the study will develop an index namely Economic Governance Quality Index capturing the score of governance parameters by the countries during the booms and slumps of their economies throughout the period under study. Finally, the components of economic governance will be employed in panel data analysis to empirically determine their significance towards economic growth. Its findings then will be of significance in crisis prediction and prevention methods in which the identified key governance parameters are the core ingredients.
â€œGood governance is perhaps the single most important factor in eradicating poverty and promoting development.â€?
Kofi Annan, former Secretary General of the United Nations.
The concept of governance has assumed a more central focus and been given key attention not only by the officials from the United Nations Development Program, the World Bank and the International Monetary Funds,
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