Iggyvibal’s Weblog

Reducing Corruption: Transaction Governance Capacity
Book: Fortune at the Bottom of the Pyramid
Library Reference: ISBN-10: 0131467506 | ISBN-13: 978-0131467507
Amazon Link:
http://www.amazon.com/Fortune-Bottom-Pyramid-Eradicating-Poverty/dp/0131467506
Quote:
“ Poor countries could often be asset-rich but capital-poor”- C.K. Prahalad.
Learning Expectations:
I expect to know the different spectrum of TGC and the four requirements in building
TGC.
Review:
There are four criteria for transparency in transactions. There must be access to
information and transparency for all transactions. There should be clear processes so that
selective interpretation by bureaucrats is reduced if not eliminated. Speed with which the
processes can be completed by citizens and trust in the system.
On one hand the different spectrum of TGC include countries that are arbitrary and
authoritarian; countries where laws and institutions of market economy exist but do not reach
their potential; and countries with well-developed laws, regulations, institutions and enforcement
systems.
Lessons Learned
corruption is embedded in different micro regulations of the government and this can proven
especially here in our country.