On The Trail Of Capital Flight From Africa

Author : Distinguished Professor of Economics and Director of the African Development Policy Program Léonce Ndikumana
Publisher : Oxford University Press
ISBN 13 : 019885272X
Total Pages : 273 pages
Book Rating : 4.28/5 ( download)

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Download or read book On the Trail of Capital Flight from Africa written by Distinguished Professor of Economics and Director of the African Development Policy Program Léonce Ndikumana and published by Oxford University Press. This book was released on 2022-01-20 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 0198718551
Total Pages : 455 pages
Book Rating : 4.50/5 ( download)

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Download or read book Capital Flight from Africa written by Simeon Ibidayo Ajayi and published by Oxford University Press, USA. This book was released on 2015 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 1848134606
Total Pages : 152 pages
Book Rating : 4.07/5 ( download)

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Download or read book Africa's Odious Debts written by Léonce Ndikumana and published by Bloomsbury Publishing. This book was released on 2011-10-13 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Professor Léonce Ndikumana
Publisher : Zed Books Ltd.
ISBN 13 : 1780321465
Total Pages : 132 pages
Book Rating : 4.62/5 ( download)

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Download or read book Africa's Odious Debts written by Professor Léonce Ndikumana and published by Zed Books Ltd.. This book was released on 2011-10-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : A. Ibi Ajayi and Léonce Ndikumana
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.45/5 ( download)

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Download or read book Capital flight from Africa written by A. Ibi Ajayi and Léonce Ndikumana and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Julie Livingston
Publisher : Duke University Press Books
ISBN 13 : 9781478005087
Total Pages : 0 pages
Book Rating : 4.84/5 ( download)

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Download or read book Self-Devouring Growth written by Julie Livingston and published by Duke University Press Books. This book was released on 2019-09-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under capitalism, economic growth is seen as the key to collective well-being. In Self-Devouring Growth Julie Livingston upends this notion, showing that while consumption-driven growth may seem to benefit a particular locale, it produces a number of unacknowledged, negative consequences that ripple throughout the wider world. Structuring the book as a parable in which the example of Botswana has lessons for the rest of the globe, Livingston shows how fundamental needs for water, food, and transportation become harnessed to what she calls self-devouring growth: an unchecked and unsustainable global pursuit of economic growth that threatens catastrophic environmental destruction. As Livingston notes, improved technology alone cannot stave off such destruction; what is required is a greater accounting of the web of relationships between humans, nonhuman beings, plants, and minerals that growth entails. Livingston contends that by failing to understand these relationships and the consequences of self-devouring growth, we may be unknowingly consuming our future.

Author : Alan Marzilli
Publisher : Infobase Publishing
ISBN 13 : 1438105940
Total Pages : pages
Book Rating : 4.49/5 ( download)

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Download or read book Capital Punishment, Second Edition written by Alan Marzilli and published by Infobase Publishing. This book was released on 2009-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Patrick Bond
Publisher : Palgrave Macmillan
ISBN 13 : 9781842773932
Total Pages : 356 pages
Book Rating : 4.33/5 ( download)

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Download or read book Against Global Apartheid written by Patrick Bond and published by Palgrave Macmillan. This book was released on 2003 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 'Against Global Apartheid', Patrick Bond reveals the extent of the economic and human damage caused by policies implemented by World Bank and the IMF in developing countries, particularly South Africa, and argues that there is another way to more socially just economic development.

Author : Iain Christie
Publisher : World Bank Publications
ISBN 13 : 1464801975
Total Pages : 325 pages
Book Rating : 4.76/5 ( download)

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Download or read book Tourism in Africa written by Iain Christie and published by World Bank Publications. This book was released on 2014-06-19 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 :
Total Pages : 386 pages
Book Rating : 4.90/5 ( download)

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Download or read book Swallow written by Henry Rider Haggard and published by . This book was released on 1911 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: