Discuss if a state can carve out a role for itself between the two poles of socialism and laissez-faire

Do you think the state can carve out a role for itself between the two poles of socialism and laissez-faire?

– Why does ‘governance’ matter for economic development of a country?

– What are the origins of ‘good governance’ as a concept? And what are its main critiques?

– What are the commonly used indicators of good governance?

– Does progress in the above indicators guarantee more successful economic development of a country?