Good governance is also a vital factor in the formation of the economic stability and development of a business. Clarity of policies and strategic leadership establish a platform in which businesses can develop in a responsible manner. They also help in the development of the communities.
Investing in Local and Regional Economies
Governance that is business friendly promotes innovation, investment and creation of jobs. Clear regulatory systems contribute to the decrease of uncertainties and the development of the long-term confidence in the economy.
Striking a Balance between Growth and Accountability to the People
There must be accountability and ethical leadership towards sustainable development. The role of decision-makers is to reconcile between the economic growth and social accountability and the national interest.
Empowering Civic and Economic Resilience
Good governance creates resilience in terms of harmonizing the interests of the community with the economic interests. This combined strategy will help in long-term success and confidence.