What to do about corruption? Focus on the process, says Paul Collier

By Dina Mannaa

During the first plenary session of the ERF 18th annual conference, the measurement and consequences of corruption were addressed thoroughly.  We had the opportunity to record a short interview Paul Collier, Professor of Economics – Oxford University after his presentation. In the video below, Prof. Collier pinpoints the major obstacles faced while attempting to limit the act of corruption.  He underlines that it is very hard to catch people and set penalties that match their unlawful acts of corruption.

He suggests that good regulatory processes, as well as monitoring the implementation of public projects – which experience the most rate of corruption such as extortion, soliciting or offering bribery- might “squeeze the opportunity of corruption.” In conclusion, he recommends to combine both  penalties and good processes together  in order to put an end to the factors contributing to corruption.

Read more stories from the ERF Annual Conference on the ERF blog