Fung Institute’s Sheng discusses “What is governance?”
In Sri Lanka’s Sunday Island newspaper, Andrew Sheng, President of the Fung Global Institute, discusses Francis Fukuyama’s commentary “What is governance?”. Fukuyama, Sheng says, “has helped to clarify the methodology in thinking about the tradeoffs between the ability to have high discretion versus being bogged down by excessive rules, and high capacity to execute, versus low capacity to execute. . . . [And] he has decided to remove any suggestion that democracy is automatically associated with good governance, appreciating that ‘an authoritarian regime can be well governed, just as a democracy can be mal-administered.'” Read Sheng’s response. The Fung Global Institute is a Hong Kong-based organization that generates innovative thinking and business-relevant research on global issues from Asian perspectives.
