Economic Governance

Economic governance refers to the framework of institutions, rules, policies, and processes through which a state manages its economic activities, regulates markets, and coordinates fiscal and monetary interventions to achieve macroeconomic stability and sustainable growth.

Why it matters

Ensures the efficient allocation of resources and promotes market transparency by reducing information asymmetry.
Facilitates long-term development by providing a predictable regulatory environment that encourages domestic and foreign investment.
Strengthens the state's capacity to mitigate systemic risks and respond effectively to economic shocks or financial instability.

How it is asked

Focus on the interplay between regulatory bodies and fiscal policy, the role of institutional frameworks in Ease of Doing Business, and the impact of governance reforms on structural economic transformation.

In the syllabus

In the news

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