Could Corruption Be Causing Brazil to Lose Important Business?

Usually when one speaks about corruption and its effects on society, one talks about issues of morality and ethics. Some economists have been able to quantify losses due to corruption through the diversion of money to non-valuing added activities.

This week corruption cost Brazil business in a way obvious to anyone.

The former CEO of Ryanair, the Irish low-cost airline, announced they will begin service in Argentina. The company already sells flights in Mexico and Colombia. However, Declan Ryan made it clear it was the rampant corruption in Brazil that will keep it off the list of the airline's future plans.

Read more at Plus 55 (in Portuguese) Ryanair Avoiding Brazil