Ecuador and corruption

            Base on corruption index, Ecuador is among the most corrupted country in the world. narrowly we have two factors contributing  negatively to this.

                                     Economic development 
            Government instability in the country has a serious impact in the economy which could discourage potential investors. And it also said that the country is facing a balance of trade because of its heavy dependance on primary merchandises for export. meaning while without sustenance from external investors, is more likely that the country would not be able to grow more profitable. 
This is also another strong example of liability to the economic development of Ecuador. media reported  allegedly the business man, the brother of president signed public sector contract to corporation. but the president invalidated the contract.

                                       pubic sector wages

Pubic sector wages seems to be very poor. 60 percent of economically active Ecuadorian turns to be informal economy for employment . Informal workers, rather support themselves by working for small businesses or vending things illegitimately (without licenses or revenue reports to the state) in city areas or marketplace than working for the state or standard private body.Vendors  arrange  kiosks in town and sell stuffs to passers-by. The shortage of money has led to kid labor. Children shin shoes or vending candy on the roads to support their parents' income. 

      All these could explain why the country is so corrupted.and it is a strong brake to economic growth. Several methods could be put into consideration to eradicate the problems. Then it would bring potential investors, create employment and many more development which would transform the country positively and wipe out corruption completely.

 

 

Ethics comes from the Greek word ethos meaning character.
Ethics is a set of principle of right conduct or amoral guide which govern good behavior.
So behaving morally is doing what is right.But one's should bear in mind that acting or behaving ethically is not quite the same thing as behaving lawfully.
 

Hi

My name is Adamu S. Sali Goni. I was born in Adamawa State in Nigeria and brought up in Cameroon . My nursery, primary and post primary school was in Cameroon. As we all know, Cameroon is bilingual country,  French and English used as their official languages. However, all my studies was in french except now that i switched to English. I am currently schooling in the American University of Nigeria, majoring in business and concentrating in accounting. I also run a business while schooling because it has always being my dream to do so. 

I am enrolled in a class called Business Ethics and Entrepreneurship which is also the reason of the existence of my blog. Hopefully you would enjoy my update as I expect you to stimulate me with your interesting comments. 

No regret