The term ‘Good governance’ however, comprehends both the processes and procedure as well as substantial concerns. It is only then that sustainable development in really possible. The concept of good governance is not new. The necessity of a continuous adaptation in governance practices is also reflected in the changing role and scope of the state, the market and the civil society vis-a-vis each other. At the same time, with the growth of markets and presence of an aware and sensitive civil society, many developmental functions that provide stability to the social order have to be progressierely performed by the market and the civil society organizations. Good Governance being an adjective expression connotes certain value-assumptions, whereas governance as a process denotes a value free dispensation. Good governance is associated with efficient and effective administration in a democratic framework. Misuse of power, fraud, chicanery and embezzlement of funds are systematically perpetrated by the leaders of govt. and their unions. Misgovernance is found all around, especially in the developing countries, in rampant degree. The concept of governance has acquired increased importance since 1990s largely because international aid agencies began to recognize its obscene as a serious barrier to economic development of the developing countries, which has been their around objective. Most pronounced political meaning of ‘governance’ appeared in the policy directives of the OECD countries laying down conditionality‘s for securing economic assistance.
‘Good Governance’ Value-Assumptions, Embezzlement
