11 min

Reducing corruption takes a specific kind of investment | Efosa Ojomo TED Talks Business

    • Economía y empresa

Traditional thinking on corruption goes like this: if you put good laws in place and enforce them well, then economic development increases and corruption falls. In reality, we have the equation backwards, says innovation researcher Efosa Ojomo. In this compelling talk, he offers new thinking on how we could potentially eliminate corruption worldwide by focusing on one thing: scarcity. "Societies don't develop because they've reduced corruption," he says. "They're able to reduce corruption because they've developed."

Traditional thinking on corruption goes like this: if you put good laws in place and enforce them well, then economic development increases and corruption falls. In reality, we have the equation backwards, says innovation researcher Efosa Ojomo. In this compelling talk, he offers new thinking on how we could potentially eliminate corruption worldwide by focusing on one thing: scarcity. "Societies don't develop because they've reduced corruption," he says. "They're able to reduce corruption because they've developed."

11 min

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