When credit decisions, public procurement, construction contracts, and price determination reflect only short-term and purely political goals, good economic performance becomes impossible – even in countries with large natural-resource endowments. In countries with little or no such endowments – where innovation, competitive efficiency, and a focus on production rather than rents is all the more important – the lack of good governance will lead to failure more rapidly.
当信贷决策，政府采购，建设合同和价格设定仅仅是短期和单纯政治目的的体现，良好的经济成效就不可能实现——即便是在那些资源资源丰富的国家。在那些资源缺乏的国家——创新，竞争效率和对生产力的关注在这里变得更为重要——没有好的治理就只会堕落得越快。