Book
Full Disclosure explores how transparency policies, like corporate disclosures and nutritional labels, can empower citizens and improve governance, but often fall short due to incomplete or irrelevant information, offering insights into making them more effective.
Which SUVs are most likely to roll over? What cities have the unhealthiest drinking water? Which factories are the most dangerous polluters? What cereals are the most nutritious? In recent decades, governments have sought to provide answers to such critical questions through public disclosure to force manufacturers, water authorities, and others to improve their products and practices. Corporate financial disclosure, nutritional labels, and school report cards are examples of such targeted transparency policies. At best, they create a light-handed approach to governance that improves markets, enriches public discourse, and empowers citizens. But such policies are frequently ineffective or counterproductive. Based on an analysis of eighteen U.S. and international policies, Full Disclosure shows that information is often incomplete, incomprehensible, or irrelevant to consumers, investors, workers, and community residents. To be successful, transparency policies must be accurate, keep ahead of disclosers’ efforts to find loopholes, and, above all, focus on the needs of ordinary citizens.
Cambridge University Press, 2009
Policy Brief
In this paper, Mary W. Graham, co-director of the Center’s Transparency Policy Project, examines how unintended information inequities undermine critical health and safety alerts. Focusing on three key policies — wildfire alerts, drinking water reports, and auto safety recalls — she identifies common roots of these disparities and highlights efforts by policymakers to address them.
Article
In this study, Archon Fung and Stephen Kosack assess the current state of transparency initiatives across the globe. Honing in on interventions with a focus on “transparency for accountability”—which show mixed results—they develop a framework of five “worlds” that helps account for the variation in outcomes.
