Reducing corruption takes a specific kind of investment | Efosa Ojomo

Visit http://TED.com to get our entire library of TED Talks, transcripts, translations, personalized Talk recommendations and more. 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." Get TED Talks recommended just for you! Learn more at http://TED.com/signup. The TED Talks channel features the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and more. You're welcome to link to or embed these videos, forward them to others and share these ideas with people you know. For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), submit a Media Request here: http://media-requests.TED.com Follow TED on Twitter: http://twitter.com/TEDTalks Like TED on Facebook: http://facebook.com/TED Subscribe to our channel: http://youtube.com/TED

Topics:

["TEDTalk", "TEDTalks", "Global Issues", "Investment", "Development", "Social Change", "Corruption", "Africa", "Business", "Poverty", "Innovation"]

Duration

Duration minutes: 11

Duration seconds: 46