Monday, December 22, 2014

Increasing Governance Capital in Post-disaster Settings

As I was thinking about the rehabilitation efforts and the budgets that are being made available, I begin to wonder how good governance practices can be piggy-backed onto the financial capital that is being released.

Borrowing from the definition of 'knowledge capital", this author proposes a definition of "governance capital" as "An intangible asset that comprises the information and skills of a government unit's employees and citizens, their experience with business and governance processes, group work, collective action, and on-the-job learning. Governance capital is not like the physical factors of production - land, labor and capital - in that it is based on skills that government employees and citizens share with each other in order to improve efficiencies, rather than on physical items. 
adapted from Investopedia.
http://www.investopedia.com/terms/k/knowledge-capital.asp

Clearly, good governance practices contribute to Governance Capital which may be thought as the sum of Social Capital and governance knowledge similar to
intellectual capital.

http://www.capitalcrossroadsvision.com/capitals/governance-capital/
http://www.korngoldconsulting.com/pdf/Ammassinggovernance.pdf




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