The notion of governance, in the contemporary

literature of research issued by international

organizations, is used in conjunction with other

development-related notions, given that it is a

main prerequisite and an essential requirement

for achieving “development”. Addressing

the notion of governance entails addressing

the mechanisms for distributing rare values,

allocation of authorities, participation and

accountability mechanisms in society.

The body of literature unanimously states

that it is not possible to achieve sustainable

development without giving effect to the

governance values (participation, inclusion,

response, accountability, competency,

efficiency, integrity, combating corruption,

the rule of law, equality, transparency,

decentralization, strategic vision and

oversight). Economic growth is no longer

an end in itself, but a means to achieve

development. Hence, it has become incumbent

upon governments to ensure that economic

growth leads to improving the life quality of the

population (education, health and others).