White paper published in Global Risk Profile’s website on corruption and innovation capability, using the GCI.
Innovation is a key force pushing economic growth. However, corruption can play an important role in determining a country’s evolution. Based on two opposing theories, questions arise on whether corruption is like “grease” benefiting the economy, or more like “sand”, costly for economic activity. This white paper considers the links between corruption and innovation, offering a correlation analysis in 140 countries and its implications in international business.
The full version of this white paper is available below.