By Organisation for Economic Co-Operation and Development
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Extra info for African Economic Outlook, 2003 2004
Good national and international governance facilitates the efficiency of society as an economic organisation aiming to achieve maximum prosperity for the largest number of people. The state should be a reliable partner for establishing a good regulatory framework, seen as necessary to optimise the private sector’s activities. The current consensus for rapid development and poverty alleviation, therefore, implies that, while the state should be less involved as a direct economic actor, it should enhance its capacity to act as a facilitator between different economic interests in society, and maintain acceptable African Economic Outlook 35 Overview standards of human rights, social justice, labour conditions and environmental protection.
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African Economic Outlook, 2003 2004 by Organisation for Economic Co-Operation and Development