There is no universally accepted and agreed definition of 'governance'. It remains an elusive theory, defined and conceptualized in various ways. In this book, Anne Mette Kjaer guides the reader through the key theoretical debates which have given rise to distinct interpretations of governance. Drawing on a wide range of empirical examples to illustrate her arguments, the author explores how governance has been used in different ways to describe political changes in the modern world. She goes on to weigh up the pros and cons of governance as an analytical term, and concludes with a discussion of the World Bank's role as an international organization which aims to promote 'good governance' in poor countries across the globe. This is the first textbook to offer a systematic assessment of current debates around the concept of governance. It will be a valuable resource for undergraduate and postgraduate students of politics, international relations and public policy.