5min chapter

TED Business cover image

To end poverty, cultivate innovation | Efosa Ojomo

TED Business

CHAPTER

Investing in Innovations to Make Things Affordable

In most poor countries, way too many basic things are scarce. This creates the perfect breeding ground for corruption to thrive. Investing in innovations that make products much more affordable for many people not only attacks this scarcity, but it creates a sustainable source of revenue which governments can re invest into their economies. It is the critical missing piece in the economic development puzzle that will ultimately help us reduce corruption.

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