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Author: Distinguished Professor of Economics and Director of the African Development Policy Program Léonce Ndikumana
Publisher: Oxford University Press
ISBN: 019885272X
Category : Africa
Languages : en
Pages : 273
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Book Description
On the Trail of Capital Flight from Africa investigates the dynamics of capital flight from Angola, Côte d'Ivoire, and South Africa, countries that have witnessed large-scale illicit financial outflows in recent decades. Quantitative, qualitative, and institutional analysis for each country is used to examine the modus operandi of capital flight; that is, the 'who', 'how', and 'where' dimensions of the phenomenon. 'Who' refers to major domestic and foreign players; 'how' refers to mechanisms of capital acquisition, transfer, and concealment; and 'where' refers to the destinations of capital flight and the transactions involved. The evidence reveals a complex network of actors and enablers involved in orchestrating and facilitating capital flight and the accumulation of private wealth in offshore secrecy jurisdictions. This underscores the reality that capital flight is a global phenomenon, and that measures to curtail it are a shared responsibility for Africa and the global community. Addressing the problem of capital flight and related issues such as trade misinvoicing, money laundering, tax evasion, and theft of public assets by political and economic elites will require national and global efforts with a high level of coordination.
Author: Distinguished Professor of Economics and Director of the African Development Policy Program Léonce Ndikumana
Publisher: Oxford University Press
ISBN: 019885272X
Category : Africa
Languages : en
Pages : 273
Get Book Here
Book Description
On the Trail of Capital Flight from Africa investigates the dynamics of capital flight from Angola, Côte d'Ivoire, and South Africa, countries that have witnessed large-scale illicit financial outflows in recent decades. Quantitative, qualitative, and institutional analysis for each country is used to examine the modus operandi of capital flight; that is, the 'who', 'how', and 'where' dimensions of the phenomenon. 'Who' refers to major domestic and foreign players; 'how' refers to mechanisms of capital acquisition, transfer, and concealment; and 'where' refers to the destinations of capital flight and the transactions involved. The evidence reveals a complex network of actors and enablers involved in orchestrating and facilitating capital flight and the accumulation of private wealth in offshore secrecy jurisdictions. This underscores the reality that capital flight is a global phenomenon, and that measures to curtail it are a shared responsibility for Africa and the global community. Addressing the problem of capital flight and related issues such as trade misinvoicing, money laundering, tax evasion, and theft of public assets by political and economic elites will require national and global efforts with a high level of coordination.
Author: Simeon Ibidayo Ajayi
Publisher: Oxford University Press, USA
ISBN: 0198718551
Category : Business & Economics
Languages : en
Pages : 455
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Book Description
A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows.
Author: Léonce Ndikumana
Publisher: Bloomsbury Publishing
ISBN: 1848134606
Category : Social Science
Languages : en
Pages : 152
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Book Description
In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa's foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments. Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these 'odious debts' from which their people derived no benefit, and that the international community should assist in this effort. A vital book for anyone interested in Africa, its future and its relationship with the West.
Author: Alan Marzilli
Publisher: Infobase Publishing
ISBN: 1438105940
Category :
Languages : en
Pages :
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Book Description
Author: Deborah Brautigam
Publisher: OUP Oxford
ISBN: 0191619760
Category : Political Science
Languages : en
Pages : 414
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Book Description
Is China a rogue donor, as some media pundits suggest? Or is China helping the developing world pave a pathway out of poverty, as the Chinese claim? In the last few years, China's aid program has leapt out of the shadows. Media reports about huge aid packages, support for pariah regimes, regiments of Chinese labor, and the ruthless exploitation of workers and natural resources in some of the poorest countries in the world sparked fierce debates. These debates, however, took place with very few hard facts. China's tradition of secrecy about its aid fueled rumors and speculation, making it difficult to gauge the risks and opportunities provided by China's growing embrace. This well-timed book, by one of the world's leading experts, provides the first comprehensive account of China's aid and economic cooperation overseas. Deborah Brautigam tackles the myths and realities, explaining what the Chinese are doing, how they do it, how much aid they give, and how it all fits into their "going global" strategy. Drawing on three decades of experience in China and Africa, and hundreds of interviews in Africa, China, Europe and the US, Brautigam shines new light on a topic of great interest. China has ended poverty for hundreds of millions of its own citizens. Will Chinese engagement benefit Africa? Using hard data and a series of vivid stories ranging across agriculture, industry, natural resources, and governance, Brautigam's fascinating book provides an answer. It is essential reading for anyone concerned with China's rise, and what it might mean for the challenge of ending poverty in Africa.
Author: Benjamin Talton
Publisher: University of Pennsylvania Press
ISBN: 0812251474
Category : History
Languages : en
Pages : 288
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Book Description
On August 7, 1989, Congressman Mickey Leland departed on a flight from Addis Ababa, with his thirteen-member delegation of Ethiopian and American relief workers and policy analysts, bound for Ethiopia's border with Sudan. This was Leland's seventh official humanitarian mission in his nearly decade-long drive to transform U.S. policies toward Africa to conform to his black internationalist vision of global cooperation, antiracism, and freedom from hunger. Leland's flight never arrived at its destination. The plane crashed, with no survivors. When Leland embarked on that delegation, he was a forty-four-year-old, deeply charismatic, fiercely compassionate, black, radical American. He was also an elected Democratic representative of Houston's largely African American and Latino Eighteenth Congressional District. Above all, he was a self-proclaimed "citizen of humanity." Throughout the 1980s, Leland and a small group of former radical-activist African American colleagues inside and outside Congress exerted outsized influence to elevate Africa's significance in American foreign affairs and to move the United States from its Cold War orientation toward a foreign policy devoted to humanitarianism, antiracism, and moral leadership. Their internationalism defined a new era of black political engagement with Africa. In This Land of Plenty presents Leland as the embodiment of larger currents in African American politics at the end of the twentieth century. But a sober look at his aspirations shows the successes and shortcomings of domestic radicalism and aspirations of politically neutral humanitarianism during the 1980s, and the extent to which the decade was a major turning point in U.S. relations with the African continent. Exploring the links between political activism, electoral politics, and international affairs, Benjamin Talton not only details Leland's political career but also examines African Americans' successes and failures in influencing U.S. foreign policy toward African and other Global South countries.
Author: Larry Neal
Publisher: Oxford University Press, USA
ISBN: 9780195110685
Category : Business & Economics
Languages : en
Pages : 396
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Book Description
The first part of the text treats Europe as a natural economic unit (1945-1989), separated into political units that still remain distinct from one another. The authors focus on the most striking aspects of European integration such as trade, agriculture, and monetary unification. Part II shows the continuing political and economic diversity of Europe by examining the post World War II history of major states and groups of minor states. Knowing the different concerns of the constituent member states is essential for understanding the motivation of the European Union's policies, and for appreciating the extent of its accomplishments.
Author: Iain Christie
Publisher: World Bank Publications
ISBN: 1464801975
Category : Business & Economics
Languages : en
Pages : 325
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Book Description
This book presents how tourism initiates economic development and how constraints to the growth of tourism in Sub-Saharan Africa can be addressed. With 24 case studies that illustrate tourism development, it reveals that despite destination challenges, the basic elements needed to initialize or intensify success are applicable across the region.
Author: Henry Rider Haggard
Publisher:
ISBN:
Category :
Languages : en
Pages : 386
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Book Description
Author: Anne O. Krueger
Publisher:
ISBN: 0190900466
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
International trade and trade policy have become increasingly important and complex in recent years. In this comprehensive introduction to the key aspects of international trade policy, noted authority Anne O. Krueger explains what has happened and why these issues are so difficult. With evidence-based analysis and an even-handed approach, International Trade: What Everyone Needs to Know lays the foundation to understand what trade does and does not do. Focusing on the importance of trade in both goods and services, Krueger explores the effects of various trade policies step-by-step and demonstrates why economists generally support free trade. Krueger considers the historical experience, highlighting how technological changes and reduction of trade barriers helped transform the world economy. Tariffs, antidumping and countervailing duties, government procurement policies, preferential trading arrangements, trade with developing countries and emerging markets, and the World Trade Organization are examined. Krueger tackles the fundamental questions surrounding trade including: What are the benefits and costs? What are trade deficits and do they matter? Why do some people favor protectionism and barriers to trade? How does trade policy affect workers? Written in question-and-answer format, this non-technical introduction to the policies of international trade provides an indispensable guide to one of the most crucial elements of the global economy.
