GOVERNANCE DILEMMA: A WAY FORWARD FOR THIRD WORLD STATES

Abstract

This study examines the governance of third world states. As an academic concept it has a very broad outlook however its central idea is as old as human civilization. This has led to the continuous development of governance as a concept throughout history. Primarily it is understood as the communication between government, business partners, and non-profit associations through which the execution of strategic options is adopted. Naturally it comprises of every activity of a monetary, political, and authoritative nature undertaken by the government to address the problem of a nation at all levels to improve the personal satisfaction of individuals. Good governance connotes the processes whereby public institutions conduct public affairs, manage public resources and guarantee the realization of human rights. This study explains the issues and challenges of governance faced by 3rd world states while determining the past and present status of good governance in 3rd world status and proposing appropriate recommendations and ideas for a successful future. This study adopted a qualitative approach with the help of secondary sources and a descriptive methodology. While all 3rd world states aspire to ensure good governance, the realization of such goals faces considerable difficulties.  Nepotism, lack of accountability, mismanagement, political upheavals, and institutional failures must be tackled with effective legislation to ensure good governance in 3rd world countries. It is the need of the hour to adopt the vice-versa approach.

Keywords: 3rd world states, institutional theory, strength governance theory, political immaturity, institutional irresponsibility.