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Three Myths About Corruption

 

February 22, 2013

Doug Hadden, VP Products

We’re on the front-lines helping those governments with political will to improve fiscal transparency and accountability. I encountered this recent Ted talk from Afra Raymond on the

We started a Three Myths about Corruption: Some Lessons from Trinidad. He speaks about his experience with freedom of information, transparency and corruption. Well worth viewing to gain a good perspective, especially if you don’t view corruption as a serious governance problem today.

I was most strucl by Mr. Raymond’s corruption calculation :

PUBLIC EXPENDITURES

minus TRANSPARENCY

minus ACCOUNTABILITY

equals CORRUPTION

The other important food for thought, in my view, was the contribution of “government to government” funding relations to overall corruption.

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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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