importance of good governance in eeonomic development?

Answer 1

not more than necessary but it is good to prevent unfair business practices such as monopolies.

Answer 2

Good governance is when market forces are allowed to work as freely as respect to human rights and resource management will allow. Good governance monitors these for a balance. When no serious harm is present, and likely to be so, it stays out of the way unless anti competitive practices are present.

And what cupidgirl said.

Answer 3

The quality of institutions is the single most important factor of economic development. You might want to read what Daron Acemoglu has written on the subject (just look for the word "institutions" in titles):

http://econ-www.mit.edu/faculty/index.htm?prof_id=acemoglu&type=paper

_____

Answer 4

To develop educated & contributive citizens.

Answer 5

Freedom and property rights