Philippine Social Responsibility

Topics: Worldwide Governance Indicators, Law, Political corruption Pages: 3 (475 words) Published: January 31, 2013
Good governance sets the normative standards of development. It fosters participation, ensures transparency, demands accountability, promotes efficiency, and upholds the rule of law in economic, political and administrative institutions and processes. It is a hallmark of political maturity but also a requisite for growth and poverty reduction, for there are irreducible minimum levels of governance needed for large-scale investment to occur and for social programs to be supported. A cornerstone of good governance is adherence to the rule of law, that is, the impersonal and impartial application of stable and predictable laws, statutes, rules, and regulations, without regard for social status or political considerations. This chapter assesses the quality of governance in the country and identifies key governance challenges that constrain development. It then lays down corresponding strategies to achieve good governance anchored on the rule of law, and provide an enabling environment for national development.

Good Governance and
the Rule of Law
Assessment and
The country’s recent history has been
plagued by questions of legitimacy,
accountability, and allegations of grand
corruption. The 1986 EDSA revolution
established a framework of constitutional
democracy and civil rights, but deep social
and political divisions have persisted
alongside problems of inefficiency and
corruption in government. The failure to
address governance issues has given rise in
recent years to marked political instability,
bordering on threats to constitutional
government, and a deepening cynicism
and mistrust of formal political
institutions. Political instability and
widespread corruption have also had
serious repercussions on the investment
climate. The successful and credible
transfer of power in 2010 through the
prescribed constitutional processes and a
renewed public concern for government
accountability and...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • "Corporate Social Responsibility Ensures Business Sustainability and Easier Access in the Eu and Global Markets", by Lindita Daija Essay
  • Stakeholders, Categories & Responsibilities of Organizations Essay
  • Corporate social responsibility Essay
  • Strategic Management and Corporate Responsibility Essay
  • Corporate Social Responsibility in Nepal Essay
  • Corporate Social Responsibility and Business Essay
  • corporate social responsibilities Essay
  • Corporate Social Responsibility Essay

Become a StudyMode Member

Sign Up - It's Free