Why Corruption Matters To An Expat
Plus: I Thought You Said You’d Never Invest In Brazil
I got an email comment this week from a guy, also named Lee, in California:
I was surprised to read the quote from Lee Harrison in Valentine Fouché’s article about Medellín: “Medellín… has the same diverse natural beauty as Ecuador but (and this has become important to us) less corruption.”
I’m interested in understanding his comment regarding corruption. I’m recently retired after living in many countries in Latin America and Asia where corruption became a major issue for me, both in business and daily life. I value Lee’s experience and insights and would appreciate his further comment, particularly since he has lived in both Colombia and in Uruguay (where I am considering retirement).
Transparency International ranks 168 countries on corruption. The USA is ranked 16, Chile 21, Uruguay 23 and Colombia 83. (Ecuador is ranked at 107.)
So Lee, if 107 (Ecuador’s corruption rank) was an irritation, and 83 (Colombia) is much better, at what point does the extra cost of living justify an investment or retirement in a less corrupt country like Chile or Uruguay? And, why has this (less corruption) become important to you now?
These are very good questions.
When I first moved abroad in 2001, I didn’t pay much attention to Continue reading