ahmad sharbatoghlie - Assistant professor and associate dean of research, graduateschool of management and economics, sharif univercity of tecnology. Tehran, Iran

One of the main factors contributing to economic under development, stagnation, and widespread poverty in a country is governance. Historically, well-governed economies have managed to overcome lack of natural resources as an impediment for social, political, economic, and managerial developments in their respective nations. However, resource - rich but poorly governed economies immersed in public and corporate corruption, have shown dismal performance in eliminating poverty, promoting social justice, and leading their economies in a sustained development path.

Governance,Ethics, Corruption, Fraud, Accountability, Transparency