Making it look difficult - BusinessWorld Online

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Making it look difficult - BusinessWorld Online
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OPINION | Making it look difficult By Tony Samson READ:

IN SPORTS COMPETITIONS like high diving, usually in some scenic cliff with a deep body of water beside it, “degree of difficulty” elicits a high score from the judges. A simple dive with no twists before hitting the water may get a so-so score. But when the somersaults are executed three times before hitting the water without a splash, winning is possible.

Sometimes, the degree of difficulty is unexpected, as in the launching of a sovereign fund that has met with bashing from both the private and public sector. The source of the funds and the government guarantee of bad decision-making raises the issue of moral hazard.The problem of corruption rests on the premise that difficult issues can be cleared or “facilitated” with a little incentive.

On the first category of reluctant bribers who just want to get through the routine of dealing with government, some progress has been made. Driver’s license and passport renewals are decentralized at malls and even subdivisions . These moves have cut down the need for fixers by simplifying the process and making it more accessible.

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bworldph /  🏆 9. in PH

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