Let's talk governance and growth

What is good governance, and how should we measure it?  What impact does governance have on growth?  Even if good governance predicts positive outcomes over the long term, what effect does it have in the short term?  Dani Rodrik, well-known development economist and head of Harvard’s graduate program in public administration and international development, raises as many questions as he answers in this blog post; a recent article in The Economist addresses similar issues.  There’s a lot of interest these days in the question of how to best define and measure governance -- we’ll write more about this in the coming weeks.