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The spate of financial scandals that are rocking Chile have stirred a wholesome debate in the country on the importance of ethics in the teaching of economics. The Pontifical Catholic University of Chile’s economics and administration faculty has been under the spotlight since three of its former students, previously hailed as 'star students', were prosecuted and jailed for a week pending trial for tax fraud and other financial crimes

The 36 government-run universities in South Korea scored 5.88 out of 10 in a corruption survey by a state-run watchdog on Wednesday, marking a modest improvement from the year before, but indicating an ethical lapse in the research lab in particular. In order to measure the level of corruption, the study looked at factors such as research, administration and contracting with outside vendors. It also examined the frequency of corruption scandals as well as any other act that might compromise the credibility of the institutions.

The Teachers Service Commission is putting in place water-tight measures to enforce performance by teachers and ensure they do not violate professional code of ethics. TSC chairman said teachers will be made to sign the teachers’ code of ethics. The teachers will be required to meet specific targets to ensure they perform to expectations.

The Ethics and Anti-Corruption Commission (EACC) launched a report on the Free Primary Education (FPE) programme, after the Ministry of Education revealed that most schools cannot account for the funds. According to the EACC Chief Executive Officer, the report will help in ensuring accountability in public schools, given that heads of schools will be required to detail how every shilling allocated by the government is spent.