Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The rise of governance and the risks of failure
T2 - the case of economic development
AU - Jessop, Bob
N1 - †This article is reprinted from International Social Science Journal, 1998; 50: 29–45 It was written while I was Hallsworth Research Fellow at Manchester University.
PY - 2018/3/1
Y1 - 2018/3/1
N2 - This article explores the roles of markets, states, and partnerships in economic co‐ordination and considers their respective tendencies to failure. The first section addresses the growing interest in governance and seeks explanations in recent theoretical developments. The second section then asks whether the rise of the governance paradigm might also reflect fundamental shifts in economic, political and social life, such that governance will remain a key issue for a long time, or is a response to more cyclical shifts in modes of co‐ordination. The third section considers the logic of ‘heterarchic governance’ in contrast to anarchic, ex post co‐ordination through market exchange and imperative ex ante co‐ordination through hierarchical forms of organization. It also offers some preliminary reflections on the nature, forms, and logic of ‘governance failure’. The final section addresses the state's increasing role in ‘metagovernance’, that is, in managing the respective roles of these different modes of co‐ordination.
AB - This article explores the roles of markets, states, and partnerships in economic co‐ordination and considers their respective tendencies to failure. The first section addresses the growing interest in governance and seeks explanations in recent theoretical developments. The second section then asks whether the rise of the governance paradigm might also reflect fundamental shifts in economic, political and social life, such that governance will remain a key issue for a long time, or is a response to more cyclical shifts in modes of co‐ordination. The third section considers the logic of ‘heterarchic governance’ in contrast to anarchic, ex post co‐ordination through market exchange and imperative ex ante co‐ordination through hierarchical forms of organization. It also offers some preliminary reflections on the nature, forms, and logic of ‘governance failure’. The final section addresses the state's increasing role in ‘metagovernance’, that is, in managing the respective roles of these different modes of co‐ordination.
U2 - 10.1111/issj.12186
DO - 10.1111/issj.12186
M3 - Journal article
VL - 68
SP - 43
EP - 57
JO - International Social Science Journal
JF - International Social Science Journal
SN - 0020-8701
IS - 227-228
ER -