Until we totally change the way we elect our leaders, until we remove private money from public campaigns, lying will be the de facto method of governance in this country.

Gender equality is more than a goal in itself. It is a precondition for meeting the challenge of reducing poverty, promoting sustainable development and building good governance.

Inspiring scenes of people taking the future of their countries into their own hands will ignite greater demands for good governance and political reform elsewhere in the world, including in Asia and in Africa.

America somehow thinks that leadership relates to governance, and it certainly does. But society is much bigger than governance, and some of the truly great leadership of our society is outside the governance arena.

Corporate governance is a huge issue too. We don't have women on these corporate boards. More than half of the students in law school are women, more than half of the women, I think, in medical school now are women.

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Certainly, protecting oppressed people, stopping ethnic conflict and promoting responsible governance are worthy goals. But none is as important for American security and prosperity as keeping the peace in the Middle East, Europe and East Asia.

It is time for the world, the hemisphere and the region to make sure that relevant institutions of civil society and relevant laws are embedded in the mechanisms of governance.

The fact that we're going through a crisis is an opportunity for Europe to be more coordinated and more integrated. We're actually talking about a European Monetary Fund or euro bonds, about guarantees for countries, about economic governance in the European Union. That shows the strength of Europe.

America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance.

The rule for effective governance is simple. It is one Ronald Reagan knew by heart. And one that he successfully employed with Social Security and the Cold War. When there is a problem, you fix it. That is the job you have been sent to do and you cannot wait for someone else to do it for you.

India is known for its sobriety and wisdom, balanced and sensible thinking. We need strong institutions and we need good governance in the country.