I have so far highlighted nine challenges to accelerating our growth. Identifying these challenges and drawing up plans to address them is the relatively easy part. What is infinitely more difficult is the translation of those policies into action. That brings me to the final item on my list – the challenge of providing good governance. 58.
That good governance is at the very heart of economic growth and poverty reduction, and even political legitimacy, is one of the undisputed lessons of development experience from around the world over the last 60 years. 59. In the ultimate analysis, it is the quality of governance that separates success and failure in economic development.