Economic Principles
- Good governance requires policies to promote broad-based economic growth, a dynamic private sector and social policies that will lead to poverty reduction. Economic growth is best achieved in an efficient, open, marketbased economy.
- Investment in people is a high priority, through policies and institutions that improve access to quality education, health and other services that underpin a country’s human resource base.
- Effective institutions and good corporate governance are needed to support the development of a competitive private sector. In particular, for markets to function, social norms are needed that respect contract and property rights.
- Careful management of the national economy is vital in order to maximize economic and social advancement.
