January 12, 2012

Can transparency also make good economic sense?

W. David Stephenson makes the case in Huffington Post that transparency efforts can also make sense from an economic standpoint, in addition to the traditional "good government" arguments:

The growing number of creative ways that open data can be used to meet the need to cut governmental waste, reduce governmental operating costs and boost entrepreneurial opportunity during hard times mean there's a solid economic -- let alone, good government -- argument to be made that open data initiatives should probably be increased, not cut.

He mentions the ability of government transparency efforts to reduce inefficiency, allow entrepreneurs to build useful apps for customers and how the standardization of business regulations eases the burden on businesses.