Indeed research shows that per capita incomes and the quality of governance are strongly correlated indicating a virtuous circle in which good governance results in economic development. Rejig the elephant dance 60. Let me now conclude. I have highlighted ten challenges that we need to address in order to accelerate output growth with focus on the quality of growth.
I must admit that this list is by no means exhaustive, and individual lists can vary both in content and emphasis. I hope my list would, at the least, serve as a reference point for thinking through. 61. As people we are understandably eager for our economy to sprint like a tiger rather than amble like an elephant.