World Bank launches Governance indicators: As we know the World Bank is more than a bank. It is an powerful instituion which generates a lot of "knowledge" which forms the basis of policy - not only its loan policy but also the policy of the receipients. Indicators are currently in vogue at the Bank. A variety of indices with loft sounding names such as Knowledge Economy Index etc. are being promoted. They are polite stick with which policy visions, ideas and ideologies are imposed on governments in the third world. Indicators from the bank rarely give a correct picture of actual situation. They are only as good as the methodology which informs them.World bank has launched governance indicators for 213 countires covering 1996-2005. This data will be used for forecasting studies, planning and policymaking. The six dimensions are: for six dimensions of governance included are: Voice and Accountability; Political Stability and Absence of Violence; Government Effectiveness; Regulatory Quality; Rule of Law; Control of Corruption.
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