Capital Flight From Africa
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Capital Flight From Africa
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Author : Simeon Ibidayo Ajayi
language : en
Publisher: Oxford University Press, USA
Release Date : 2015
Capital Flight From Africa written by Simeon Ibidayo Ajayi and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
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
On The Trail Of Capital Flight From Africa
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Author : Distinguished Professor of Economics and Director of the African Development Policy Program Léonce Ndikumana
language : en
Publisher: Oxford University Press
Release Date : 2022-01-20
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 has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-20 with Africa categories.
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.
Africa S Odious Debts
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Author : Professor Léonce Ndikumana
language : en
Publisher: Zed Books Ltd.
Release Date : 2011-10-13
Africa S Odious Debts written by Professor Léonce Ndikumana and has been published by Zed Books Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-13 with Social Science categories.
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.
External Debt And Capital Flight In Sub Saharan Africa
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Author : Mr.Mohsin S. Khan
language : en
Publisher: International Monetary Fund
Release Date : 2000-05-12
External Debt And Capital Flight In Sub Saharan Africa written by Mr.Mohsin S. Khan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-05-12 with Business & Economics categories.
Mounting external debt and large-scale capital flight have been at the forefront of Africa's economic problems since the 1980s. External Debt and Capital Flight in Sub-Saharan Africa, edited by S. Ibi Ajayi and Mohsin S. Khan, takes a penetrating look at debt and capital flight during the 1990s in Ghana, Kenya, Nigeria, Tanzania, and Uganda. The book describes the size and composition of debt in the selected countries and examines the causes of the debt buildup. It also assesses the extent of capital flight and suggests ways of stemming the flight of financial resources.
Capital Flight And Foreign Direct Investment In Africa
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Author : Léonce Ndikumana
language : en
Publisher:
Release Date : 2016
Capital Flight And Foreign Direct Investment In Africa written by Léonce Ndikumana and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Capital movements categories.
"This paper aims to provide theoretical and empirical insights into the puzzling simultaneous rise in foreign direct investment (FDI) inflows in Africa and capital flight from the continent over the past decades. It specifically explores two questions: Is FDI a potential driver of capital flight? And, is natural resource endowment a possible channel for the capital flight-FDI link? The econometric analysis is based on 32 African countries over the period 1970-2013 using dynamic panel data estimation methods. Three important findings emerge from the analysis. First, while there is no robust evidence that capital flight is fuelled by annual FDI inflows (there is no equivalent to debt-fuelled capital flight), there is a positive relationship between the stock of FDI and capital flight. Second, natural resource endowment is directly related positively to capital flight and resource endowment is associated with a stronger FDI stock-capital flight link, especially in the case of oil. Third, high-quality institutions somehow weaken the link between FDI and capital flight, although they do not completely eliminate the relationship. The results point to potential gains from improvements in institutional quality in African countries through minimizing the contribution of FDI and natural resources to capital flight."--page [1].
Curtailing Capital Flight From Africa
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Author : Léonce Ndikumana
language : en
Publisher:
Release Date : 2017
Curtailing Capital Flight From Africa written by Léonce Ndikumana and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
An Analysis Of External Debt And Capital Flight In The Severely Indebted Low Income Countries In Sub Saharan Africa
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Author : Mr.Simeon Inidayo Ajayi
language : en
Publisher: International Monetary Fund
Release Date : 1997-06-01
An Analysis Of External Debt And Capital Flight In The Severely Indebted Low Income Countries In Sub Saharan Africa written by Mr.Simeon Inidayo Ajayi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-06-01 with Business & Economics categories.
The general objective of this study is to analyze the external debt and debt burdens of the severely indebted sub-Saharan African countries, estimate the magnitude of capital flight from them, and relate the estimate of capital flight to some macroeconomic aggregates. The study also contains policy implications of international efforts to deal with the high levels of external debt in sub-Saharan Africa in conditions of extreme poverty, and stagnant and declining exports. It questions the theoretical foundation in which the external debt strategy has been based and offers solutions to the external debt problem.
Africa In The Global Economy
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Author : Gorden Moyo
language : en
Publisher: Springer Nature
Release Date :
Africa In The Global Economy written by Gorden Moyo and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
An Empirical Investigation Of Capital Flight In Selected African Countries
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Author : Oladeji O. Ojo
language : en
Publisher:
Release Date : 1993
An Empirical Investigation Of Capital Flight In Selected African Countries written by Oladeji O. Ojo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Capital movements categories.
An Econometric Analysis Of Capital Flight From Nigeria
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Author : Akanni O. Lawanson
language : en
Publisher:
Release Date : 2007
An Econometric Analysis Of Capital Flight From Nigeria written by Akanni O. Lawanson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Capital movements categories.