Societal ethos and economic development organizations in Nicaragua

J. Mària Serrano; D. Arenas

doi:10.1007/s10551-009-0290-y

Societal ethos and economic development organizations in Nicaragua

J. Mària Serrano, D. Arenas

Esade Business School

Research output: Indexed journal article › Article › peer-review

9 Citations (Scopus)

Abstract

This article analyzes efforts in Nicaragua to create ethical organizations and an ethical economy. Three societal ethea found in contemporary Nicaragua are examined: the ethos of revolution, the ethos of corruption, and the ethos of human development. The emerging ethos of human development provides the most hope for the nation's social and economic evolution. The practices of three successful economic development organizations explicitly aligned with the ethos of human development are described and evaluated: (1) a microfinance foundation (FDL), (2) a federation of cooperatives (FENACOOP), and (3) a local branch of an international NGO (IO-Nicaragua). The article concludes with additional reflections on the meaning of ethical organizations and an ethical economy in the context of contemporary Nicaragua.

Original language	English
Pages (from-to)	231-244
Number of pages	14
Journal	Journal of Business Ethics
Volume	88
Issue number	SUPPL. 2
DOIs	https://doi.org/10.1007/s10551-009-0290-y
Publication status	Published - Sept 2009

Keywords

Corruption
Economic development organizations
Nicaragua
Revolution
Societal ethos

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/s10551-009-0290-y

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AB - This article analyzes efforts in Nicaragua to create ethical organizations and an ethical economy. Three societal ethea found in contemporary Nicaragua are examined: the ethos of revolution, the ethos of corruption, and the ethos of human development. The emerging ethos of human development provides the most hope for the nation's social and economic evolution. The practices of three successful economic development organizations explicitly aligned with the ethos of human development are described and evaluated: (1) a microfinance foundation (FDL), (2) a federation of cooperatives (FENACOOP), and (3) a local branch of an international NGO (IO-Nicaragua). The article concludes with additional reflections on the meaning of ethical organizations and an ethical economy in the context of contemporary Nicaragua.

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KW - Economic development organizations

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KW - Societal ethos

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Societal ethos and economic development organizations in Nicaragua

Abstract

Keywords

UN SDGs

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