Why laws alone cannot solve the global problem of corruption
In short: Most people believe that strict laws and enforcement are the keys to ending corruption. However, innovation researcher Efosa Ojomo argues that we have the economic equation completely backward.
Ojomo suggests that economic development is the prerequisite for integrity, rather than the result of it. Instead of viewing corruption as a failure of governance that prevents growth, he posits that societies are only able to reduce corruption once they have already achieved a level of development.
The core of this shift in thinking focuses on the concept of scarcity. By moving away from a focus on policing and toward addressing the underlying economic drivers of development, Ojomo offers a new framework for potentially eliminating corruption on a global scale.
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Sources
- Summary by Intellect · source: Efosa Ojomo: Reducing corruption takes a specific kind of investment
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