TED Talks Daily Innovation is the antidote to corruption | Efosa Ojomo
Oct 4, 2019
Efosa Ojomo, a global prosperity researcher, offers a fresh perspective on tackling corruption through innovation. He challenges the conventional belief that reducing corruption leads to economic growth, arguing instead that societies advance when they innovate. Ojomo shares powerful stories from Nigeria, illustrating how scarcity drives corrupt practices and how investing in accessible services can inspire change. He highlights South Korea's tech-driven transformation and shares insights on how innovative strategies can enhance business integrity and promote societal progress.
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Bribery in Nigeria
- Efosa Ojomo's sister was asked for a bribe to process paperwork after being a victim of a crime.
- This exemplifies how corruption affects millions in Nigeria.
Corruption and Development
- Efosa Ojomo argues that corruption isn't the primary obstacle to development.
- Societies reduce corruption because they develop, not the other way around.
CellTel's Impact
- Mo Ibrahim, despite skepticism, established CellTel in sub-Saharan Africa, offering affordable mobile phones.
- This spurred industry growth, creating jobs and generating tax revenue, ultimately reducing corruption.