News and Events

The New Era of Governance

Posted: 2014-07-30
Category: Events
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From Left: Karl Kendrick Chua (WB), Roehlano Briones (PES), Stella Quimbo (PES), Marcelo Giugale (WB), Sec. Florencio Abad (DBM), Rogier van den Brink (WB), Ronald Mendoza (APC), Romeo Bernardo (PES).

 

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Dr. Marcelo Giugale, Senior Director of the World Bank (WB) Group's Global Practice on Macroeconomics and Fiscal Management, gave a seminar on political reform entitled "A New Era of Governance," at the Asian Institute of Management (AIM) last July 25, 2014.

Attended by academics, researchers, policymakers, and civil society leaders, Dr. Giugale lectured on the seven trends in international political economy, namely, (1) a more personal and direct relationship of the citizenry to its state; (2) democracy, decentralization, and technology-driven (e.g. social media) devices; (3) setting measurable standards in public sector performance; (4) the rise of extractive industries; (5) a move from discretionary to rules-based policy-making; (6) emphasis towards impact analysis; and (7) cultural changes brought by mass media and education.

Drawing from his twenty-five years of experience working in the Middle East, Eastern Europe, Central Asia, Latin America, and Africa, Dr. Giugale cited policy innovations such as the cash transfer programs in 70 countries; direct dividend payments (DDPs) from the revenues in natural resources extraction in Alaska, United States, Alberta, Canada, and Iran; and the use of television to promote family planning in Latin American countries.

"Every time we 'personalize' public policy, we improve the welfare of the people," said Giugale. He stressed that governance where people are informed, empowered, and engaged contributes to sustained development.

The lecture-seminar was followed by reactions led by Dr. Ronald Mendoza, Executive Director of the AIM Policy Center (APC), and Dr. Roehlano Briones, member of the Board of Directors of the Philippine Economic Society (PES). Dr. Briones highlighted that government such as farmers' organizations and labor groups, and that the competing motivations of various stakeholders must be taken into account. Dr. Mendoza, for his part, noted that greater transparency within the government must be met with greater responsibility from the citizens so that political and economic reforms are sustained.

Mr. Romeo Bernardo, a member of the Council of Advisers of PES, moderated the open forum. PES President Stella Quimbo, a professor at the UP School of Economics, concluded the event with a speech where she challenged the audience to make evidence-based policy-making triumph over partisan politics.

The event was organized by the World Bank Philippine Office, the AIM Policy Center, and the Philippine Economic Society.

 

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