Good governance and democracy

Good governance encompasses the role of public authorities in establishing the environment in which economic operators function and in determining the distribution of benefits as well as the relationship between the ruler and the ruled.
OECD - The Organisation for Economic Co-operation and Development (OECD)

Good governance is among other things participatory, transparent and accountable. It is also effective and equitable. And it promotes the rule of law.
UNDP - United Nations Development Programme

Good governance is epitomized by predictable, open and enlightened policy making; a bureaucracy imbued with a professional ethos; an executive arm of government accountable for its actions; and a strong civil society participating in public affairs; and all behaving under the rule of law.
WB - World Bank

Mechanisms for assuring good governance have three key elements:
  • Internal rules and restraints (for example, internal accounting and auditing systems, independence of the judiciary and the central bank, civil service and budgeting rules);
  • "Voice" and partnership (for example, public-private deliberation councils, and service delivery surveys to solicit client feedback); and
  • Competition (for example, competitive social service delivery, private participation in infrastructure, alternative dispute resolution mechanisms, and outright privatization of certain market-driven activities). WDR - World Development Report 1997