Tunis Central Bank Arab Spring 11'11.pdf

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The Worldwide Governance Indicators (WGI):
Definition and Main Clusters
Governance: set of traditions and institutions by
which authority in a country is exercised – specifically:
• Political Cluster: Process by which those in authority
are selected and replaced
• Economic Cluster: Capacity of government to formulate
and implement policies and to provide public services
• Institutional Respect Cluster: Respect of citizens and
the state for the institutions that govern interactions
among them