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Abstract

The rise of emerging market countries is of great significance for improving global governance. This study finds that 30 emerging market countries (E30)¹, especially those in Africa and Asia, are relatively weak in governance. In the future, improvement in governance would be a critical factor for the economic growth of E30 countries, especially if these countries enjoy political stability. Though most of the E30 countries lack political stability, they have the capability for good governance, and their governments are striving to become more effective, which is particularly true for Asian countries. Unfortunately, for Latin American countries, corruption is a serious problem likely to undermine economic development in the region.

Keywords

Emerging market countries E30 governance political stability governance capacity control of corruption

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