Good economic governance is a cornerstone for inclusive development. Accountability not only reduces opportunities for corruption in the public and private sectors and the misallocation of resources. In the long term it can contribute more generally to inclusive development, for instance by spurring job creation. ESCWA seeks to support member countries through: published research on economic governance; capacity-building; analysis of competition policy and regulations and related policy advice; recommendations on public financial management, including budgets, procurement and auditing; support for improved coordination of national development planning and the implementation of appropriate accountability and monitoring frameworks; and broad stakeholder and expert consultations.