The concept of good governance has many aspects. I will focus on two here: corruption and the rule of law. All Asians aspire to live in a society in which they do not have to offer a bribe to anyone in order to obtain what they are entitled to under the law. They want to live in a society in which the policeman, prosecutor and judge are not corrupt. They want to live in a society in which licences and contracts are granted and policies are made in a transparent manner and based on merit and nothing else. Corruption is a cancer eating at the heart of Asia. It is one of the most shameful of Asia’s failings. [Read more]
About Tommy KohTommy Koh is Singapore’s ambassador-at-large. He is special adviser to the Singapore Institute of Policy Studies, Chairman of the National Heritage Board and Chairman of the Governing Board of the National University of Singapore Centre for International Law. He previous positions have included President of the United Nations Conference on the Law of the Sea and chair of the Earth Summit.
Eighteen years ago, the World Bank published a landmark book, The East Asian Miracle. The report praised eight Asian economies for their rapid and sustained economic progress and highlighted the fact that they seemed to have evolved a model which combined growth with equity. What is the situation today? Today we have growth, but with much less equity. All our societies have grown more unequal, as measured by the gini coefficient and the ratio of average incomes of the top 20% and the bottom 20%. According to the World Bank’s latest statistics, the gini coefficient for Singapore was 0.48 in 2010. [Read more]
- Tan Chee Hoong on Is political union Europe’s solution to the eurozone crisis?
- Dr. Will Hickey on Indonesia’s fuel subsidies benefit the rich far more than the poor
- Tariq Ali on Is political union Europe’s solution to the eurozone crisis?
- Vikram Chowdery on Is regional economic integration enough? The search for ‘Wave 3’ growth
- Vikram Chowdery on Internationalization of emerging market currencies: A way forward
Receive ADBI's daily e-newsline for unparalleled breadth of coverage on development topics from across Asia and the Pacific.