HOW PUBLIC SECTOR MANAGEMENT AFFECTS ECONOMIC PROGRESS
Abstract
Public Sector Management is the process of planning, organizing, managing and controlling resource and policies mostly within and around the government and its institutions in order to enhance service delivery to its clients and facilitate economic activities. It includes a set of activities and strategies that a government and its public entities involve themselves in when administrating resources in the nation, formulating and enforcing policy instruments, and rendering services and buildings needed for the economic growth and welfare of the public. The basic findings are quite clear that Public sector management has a positive and significant effect on the level of economic productivity, competitiveness and innovativeness. Sound fiscal and monetary policies, strategic investments in infrastructure and the right mix of education and health policies and systems turned out to be effective in fostering an environment that supports economic growth. The study also notes that there are certain traits such as transparency, accountability and accountability that are critical to the effective management of these institutions in order to respond the changing global requirements. It appears that well organized and managed public sector is pretty much essential for rounding up and sustaining growth of a specific economy in its desired direction.
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