Governance is the one constant factor that determines the growth of a given society. First of all, we have to understand that for any society to grow and have prosperity, then all public resources and money have to be well managed for everyone to gain from.
What is development?
Often enough, development is confused with the ability of a given nation to roll out advanced technology—well there is some truth to that, but that is just the tip of the iceberg as you will see by the end of this article. Development is whereby everyone in a given administration area gets a better living standard as a result of better resource management.
When a person in public office mismanages their responsibility, then things will always go wrong, here are the implications of bad governance.
Results of bad governance
The first thing that comes as a result of bad governance is corruption. When resources are mismanaged, people will do whatever it takes to get them. Once such a demand is created, it sets the stage for corruption to grow. Individuals in office will use their positions to give favors.
This leads to an imbalance in the distribution of wealth and creates a huge gap between the wealthy and poor, and once that is the case, then it becomes very hard to root out corruption. There will be two groups, those that are rich, and those that have nothing—the rich will do anything to maintain their status quo, and the poor will always strive legally or illegally to get rich.
You might not be aware of this, but unemployment is usually a result of corruption, a vice that grows from poor governance. When people in power practice nepotism and favor those they are affiliated to when employing, it means that the country gets unskilled workforce, which will struggle to keep up the economy.
If these people that are employed through corruption fail to hold the economy, it doesn’t grow. Hence no new jobs are created. Given that population will always grow, it is clear that unemployment will always be a menace in such a country.
Obviously, when resources are poorly managed, the poor wealth distribution will lead to poverty.
Political instability is one of the worst outcomes of poor governance. Some leaders divide people based on marginalization, especially in democracies. When there is political instability, the guaranteed result is that foreign investment will be impossible, something that countries need, especially developing ones.