Saturday, September 22, 2007

Indian Governance at 58%

The World Bank defines Governance as the set of traditions and institutions by which authority in a country is exercised. Earlier this year it released the paper “Governance Matters VI: Governance Indicators for 1996-2006”. The paper is the 6th in a series that evaluates Governance in 212 countries based on 6 dimensions: Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness; Regulatory Quality, Rule of Law and Control of Corruption. The data for the indicators are gathered from a number of survey institutes, think tanks, non-governmental organizations, and international organizations.

There is increasing attention to the quality of governance in developing countries by foreign investors, aid donors, domestic and international enterprises. Good numbers improve the perceptions of the country and might facilitate more activity from the aforementioned entities within the country.

Among the aggregates higher values indicate better governance ratings with a 100 being the best (percentiles). India has shown improvement since 1996 in all but the "Rule of Law" indicator. India had 4 of the indicators in the 50-60 percentile, and 1 (political stability) in the 20-30 percentile for 2006. On the whole it did mostly better than China.

In the overall averages China scored 4.8% , US 83.7% and India 58%.
Denmark topped the list with a 100% and Myanmar (Burma) took bottom slot with 0%.

Graphic Source: Time

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