Full Disclosure
The Perils and Promise of Transparency

Full Disclosure is the first analysis of national and international transparency policies.

Archon Fung (Author), Mary Graham (Author), David Weil (Author)

9780521699617, Cambridge University Press

Paperback, published 21 July 2008

304 pages
22.8 x 15.4 x 1.7 cm, 0.42 kg

'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.' Perspectives on Politics

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.

1. Governance by transparency
2. An unlikely policy innovation
3. Designing information-based regulation
4. What makes disclosure work
5. What makes disclosure policies sustainable?
6. International transparency
7. Toward collaborative transparency
8. The future of disclosure
Appendix: Eighteen major cases.

Subject Areas: Law [L], Political economy [KCP], Economics [KC], Comparative politics [JPB]