Much of the political analysis that is taking place in Asia in the wake of the Asian Currency Crisis and the 'contagion' phenomena, has focused on the need for 'good governance.' The definition of good governance, though, is not clear. Good governance, it seems, is comprised of many different aspects of a polity, and may be best represented by the analogy of a Rubik's cube. Like a Rubik's cube, if the pieces of the 'good governance' puzzle are manipulated in the right direction at the right time, there will be sustained growth, macroeconomic stability, and the economy will prosper.
"The role of governance in the 1998 Indonesian crisis,"
Culture Mandala: The Bulletin of the Centre for East-West Cultural and Economic Studies: Vol. 3
, Article 1.
Available at: http://epublications.bond.edu.au/cm/vol3/iss1/1