Full Disclosure: The Perils and Promise of Transparency

Archon Fung; Mary Graham; David Weil

doi:10.1017/9780521699617

Full Disclosure

The Perils and Promise of Transparency

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Archon Fung, Harvard University, Massachusetts, Mary Graham, Harvard University, Massachusetts, David Weil, Boston University

Publisher:: Cambridge University Press
Online publication date:: July 2009
Print publication year:: 2007
Online ISBN:: 9780511510533
DOI:: https://doi.org/10.1017/9780521699617
Creative Commons:: This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-NC 4.0 https://creativecommons.org/creativelicenses

Subjects:: Area Studies, American Studies, American Government, Politics and Policy, Political Economy, Politics and International Relations

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Governments employ public disclosure strategies to reduce risks, improve public and private goods and services, and reduce injustice. In the United States, these targeted transparency policies include financial securities disclosures, nutritional labels, school report cards, automobile rollover rankings, and sexual offender registries. They constitute a light-handed approach to governance that empowers citizens. However, these policies are frequently ineffective or counterproductive. Based on a comparative analysis of eighteen major policies, the authors suggest that transparency policies often produce information that is incomplete, incomprehensible, or irrelevant to the consumers, investors, workers, and community residents who could benefit from them. Sometimes transparency fails because those who are threatened by it form political coalitions to limit or distort information. To be successful, transparency policies must place the needs of ordinary citizens at centre stage and produce information that informs their everyday choices. This title is also available as Open Access on Cambridge Core.

'This rich, carefully researched, well balanced, and readily accessible study shows us that good governance, with legislators at the local, state or national levels in the lead, is surely difficult but far from unattainable. This hard nosed scholarship demonstrating, as the authors themselves discovered, that pragmatism about both policy expectations and policy results should prevail among political leaders and citizens alike.'

Source: Perspectives on Politics

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Full Disclosure

The Perils and Promise of Transparency

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