Corruption and the Client Driven Energy Model

Abstract

Any discussion of energy and natural resources must include a section on corruption. Centralized pools of money for investment attract many players, not all with good intent. HRD is used as a conduit for corruption as it can be ethereal and unaudited with a true valuation unknown. Corruption is as old as humanity and will never be completely eradicated. However, it can be contained via transparency, education, and empowerment mandates. Overtime, these forces can minimize corruption and corrupt practices, such as the ‘client driven’ model of doing business, while promoting fairness and a more level playing field . Once corruption is minimized, institutional capacity can become more robust and social capital creation more sustainable. Without mitigating corruption, developing societies will continue to pay a very high cost for it by miring many poor millions in poverty cycles.