August 19, 2016

The interface between politics and economics

In today’s participative world, strengthening national economy is no longer just the concern of the government alone. Researchers have described citizen participation as an important determinant of the path that an economy takes, stressing that the challenge of economic development goes beyond economics.
There is widespread recognition that both social and political institutions have a large impact on economic consequences. Clearly, people have come to exercise their rights to participate in the political process by casting votes in elections and taking to the streets in protest of the issues they consider opaque.
It is, therefore, absolutely vital for the government to consider how best to mobilise public engagement to achieve better economic outcomes. In other words, policy makers need to have a better understanding of how political incentives can realise development goals through small changes from relaxing political constraints to adopting policies that can leverage technical strengths.
Nevertheless, the fear of talking about politics is still deeply ingrained in most of the people. The government has the responsibility to help the citizens overcome this fear by encouraging them to work with government officials at different levels in the adoption and implementation of the policies necessary for sustained economic growth.
On the whole, making politics work for development is an individual concern simply because citizen engagement can ensure greater transparency in the political process, thereby holding the government to account for any failure in the delivery of public services.


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