Business Climate and Good Governance

• Author: Besmira Manaj
• Position: European Delegation, Albania
• Pages: 108-112

ISSN 2410-3918 Academic Journal of Business, Administration, Law and Social Sciences Vol 1 No 1

Acces online at www.iipccl.org IIPCCL Publishing, Tirana-Albania March 2015

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Business Climate and Good Governance

Msc Besmira Manaj

European Delegation, Albania

Abstract

is paper consists of three factors, namely: Good Governance, Business Climate and Corruption.

How they aect the development product of Albania, not only as a concept, and a principle but

mostly as a sensitive aspect in the integration process. ere are some interpretations of this concept,

but I intend to analyze the key factors and actors, their cooperation and concrete production in

society. Improving governance is necessary to have an integrated long term strategy based upon a

continuous cooperation between institutions and citizens. But in developing countries like Albania

there are some important questions such as: How can we measure the improvement of Good

Governance through policies? Has Good Governance indicated an eective way for the sustainable

development? (Meisel, 2008, 6).

ese question give us the orientation to reect about the process of development, social economic

political behavior and how this multidimensional is transformed in product of good governance.

e business cycle is strongly connected with many aspects of political-, social-, juridical aspects

and good governance. Despite attempts to dra law regulations, the level of corruption and

informality in Albania continues to be a major obstacle.

e credibility level in the implementation of law is an indicator that aects democratization and

institutional integration. At present, dierent reports of international institutions, dene Albania

as the country with the highest level of Corruption in the Balkans, which is a key factor inuencing

business.

e ways with which the institutional power is implemented is becoming a kind of concept of good

governance.

Keywords: Governance, Development, Integration, Business, Corruption.

Introduction

Good governance is important for countries in all stages of development. My approach

is to concentrate on those aspects of good governance that are most closely related to

the surveillance over macroeconomic policies-namely, the transparency of government

accounts, the eectiveness of public resource management, and the stability and

transparency of the economic and regulatory environment for the private sector

(Camdessus, 1997, 3).

e concept of governance denes the manner in which power is exercised in the

management of a country’s economic and social resources for development (World Bank

1992, 1). Good governance, as a concept and principle is applicable to all aspects and

sections of society such as the government, legislature, judiciary, media, private sector,

corporate sector, business and societies. Public accountability and transparency are

relevant factors for good governance. During the transition period, the development

of Albania passed through dierent phases that complicated the integration process.