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Fighting African Capital Flight
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Book Synopsis Fighting African Capital Flight by : Simplice Asongu
Download or read book Fighting African Capital Flight written by Simplice Asongu and published by . This book was released on 2015 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: With earthshaking and heartbreaking trends in African capital flight provided by a new database, this paper complements existing literature by answering some key policy questions on the feasibility of and timeframe for policy harmonization in the battle against the economic scourge. The goal of the paper is to study beta-convergence of capital flight across a set of 37 African countries in the period 1980-2010 and to discuss the policy implications. Three main findings are established. (1) African countries with low capital flight rates are catching-up their counterparts with higher rates, implying the feasibility of policy harmonization towards fighting capital flight. (2) Petroleum-exporting and conflict-affected countries significantly play out in absolute and conditional convergences respectively. (3) Regardless of fundamental characteristics, a genuine timeframe for harmonizing policies is within a horizon of 6 to 13 years. In other words, full (100%) convergence within the specified horizon is an indication that policies and regulations can be enforced without distinction of nationality or locality.
Book Synopsis Fighting African Capital Flight by : Simplice Asongu
Download or read book Fighting African Capital Flight written by Simplice Asongu and published by . This book was released on 2015 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an exhaustive assessment of feasible horizons for policy harmonization against African capital flight. The empirical evidence is based on a methodological innovation on common policy initiatives and the results are premised on 15 fundamental characteristics of African capital flight based on income-levels, legal origins, natural resources, political stability and religious domination. Based on the findings, a genuine standard-setting timeframe is in the horizon of 6-13 years. Within the timeframe, common policies are feasible and could be enforced without distinction of nationality or locality in identified fundamental characteristics with full convergence.
Book Synopsis Capital Flight from Africa by : Simeon Ibidayo Ajayi
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.
Book Synopsis Fighting African Capital Flight by : Simplice Asongu
Download or read book Fighting African Capital Flight written by Simplice Asongu and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: An April 2015 World Bank report on attainment of the Millennium Development Goal (MDG) extreme poverty target has revealed that extreme poverty has been decreasing in all regions of the world with the exception of sub-Saharan Africa (SSA), in spite of the sub-region enjoying more than two decades of growth resurgence. This study builds on a critique of Piketty’s 'capital in the 21st century' and recent methodological innovations on reverse Solow-Swan to review empirics on the adoption of common policy initiatives against a cause of extreme poverty in SSA: capital flight. The richness of the dataset enables the derivation of 14 fundamental characteristics of African capital flight based on income-levels, legal origins, natural resources, political stability, regional proximity and religious domination. The main finding reveals that regardless of fundamental characteristic, from a projection date of 2010, a genuine timeframe for harmonizing policies is between 2016 and 2023. In other words, the beginning of the post-2015 agenda on sustainable development goals coincides with the timeframe for common capital flight policies.
Book Synopsis On the Trail of Capital Flight from Africa by : Léonce Ndikumana
Download or read book On the Trail of Capital Flight from Africa written by Léonce Ndikumana and published by Oxford University Press. This book was released on 2021-12-23 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.
Book Synopsis Governance and the Capital Flight Trap in Africa by : Simplice Asongu
Download or read book Governance and the Capital Flight Trap in Africa written by Simplice Asongu and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examines the use of governance tools to fight capital flight by reducing the capital flight trap. Two overarching policy syndromes are addressed in the study. It first assesses whether governance is an effective deterrent to the capital flight trap in Africa, before examining what thresholds of government quality are required to fight the capital flight trap in the continent. The following findings are established. Evidence of a capital flight trap is apparent because past values of capital flight have a positive effect on future values of capital flight. The net effects from interactions of the capital flight trap with political stability, regulation quality, economic governance and corruption-control on capital flight are positive. The critical masses at which "voice & accountability" and regulation quality can complement the capital flight trap to reduce capital flight are respectively, 0.120 and 0.680, which correspond to the best performing countries. Policy implications are discussed.
Download or read book Looting Africa written by Patrick Bond and published by Zed Books Ltd.. This book was released on 2013-04-04 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the rhetoric, the people of Sub-Saharan Africa are become poorer. From Tony Blair's Africa Commission and the Make Poverty History campaign to the Hong Kong WTO meeting, Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of excessively powerful ruling elites with incomes derived from financial-parasitical accumulation. Without overstressing the 'mistakes' of such elites, this book contextualises Africa's wealth outflow within a stagnant but volatile world economy.
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 :4.1/5 (988 download)
Book Synopsis On the Trail of Capital Flight from Africa by : Distinguished Professor of Economics and Director of the African Development Policy Program Léonce Ndikumana
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.
Book Synopsis Mitigating Capital Flight Through Military Expenditure by : Simplice Asongu
Download or read book Mitigating Capital Flight Through Military Expenditure written by Simplice Asongu and published by . This book was released on 2018 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to assess the thresholds at which military expenditure modulates the effect of terrorism on capital flight. We employed a panel data of 37 African countries from 1996-2010.The empirical evidence was based on: (i) baseline contemporary and non-contemporary OLS, (ii) contemporary and non-contemporary fixed effects regressions to account for the unobserved heterogeneity, (iii) the Generalised Method of Moments to account for the capital flight trap and (iv) Quantile Regressions (QR) to account for initial levels of capital flight. The study found that the thresholds are apparent exclusively in Quantile Regressions with military expenditure thresholds ranging from: 4.224 to 5.612 for domestic terrorism, 5.734 to 7.363 for unclear terrorism and 4.710 to 6.617 for total terrorism. No thresholds are apparent in transnational terrorism related regressions. Depending on the terrorist target, the findings broadly show that a critical mass of between 4.224 and 7.363 of military expenditure as a percentage of GDP is needed to reverse the negative effect of terrorism on capital flight. In spite of the growing consensus of the need to utilise military expenditure to help combat terrorism, our understanding of the threshold at which military expenditure completely dampens the negative effect of terrorism on capital flight remains largely underexplored. We capitalize on panel data of 37 African countries to address this lacuna in our understanding of this important issue.
Book Synopsis Africa's Odious Debts by : Léonce Ndikumana
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.
Book Synopsis Illicit Financial Flows from South Africa by : Serges Djoyou Kamga
Download or read book Illicit Financial Flows from South Africa written by Serges Djoyou Kamga and published by Routledge. This book was released on 2021-09-21 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the detrimental impact of illicit financial flows on South Africa’s development, political economy, and transformation in the 21st century. Over the years, illicit financial flows have led to the systematic looting and channelling away of South African resources, yet they are rarely studied by researchers looking to explain the country’s underdevelopment and political economy. This book looks across sectors, showing that illicit financial flows cut across all the key pillars of development, frustrating the betterment of peoples’ lives in South Africa. Investigating the problem from a decolonial perspective, the book delves deep into the catastrophic impacts of illicit financial flows for people and the economy, discusses how the problem is being combatted, and ultimately suggests solutions for rebuilding social trust between people and the state. Making an important contribution to the decolonial debate, as well as to discussions of South Africa’s political economy, this book will be of interest to researchers across African studies, global development, political science, law and corruption studies.
Author :Chander Kant Publisher :International Finance Section Department of Econ Ton Univers ISBN 13 : Total Pages :52 pages Book Rating :4.3/5 (121 download)
Book Synopsis Foreign Direct Investment and Capital Flight by : Chander Kant
Download or read book Foreign Direct Investment and Capital Flight written by Chander Kant and published by International Finance Section Department of Econ Ton Univers. This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Yemen written by Ginny Hill and published by Chatham House (Formerly Riia). This book was released on 2015-07-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Far from being on a guaranteed path towards a secure, prosperous future, Yemen confronts serious risks of political instability and a looming resource crisis, forced by the rapid depletion of the oil reserves that underpin the state budget. The interim government of Yemen has committed itself to political and economic reforms, but may struggle to push them through in face of the resistance of incumbent elite interests." -- From Publisher's web site.
Book Synopsis Fight, Flight or Flourish by : Ingra Du Buisson-Narsai
Download or read book Fight, Flight or Flourish written by Ingra Du Buisson-Narsai and published by eBook Partnership. This book was released on 2020-03-19 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fight, Flight or Flourish: How neuroscience can unlock human potential takes the latest research in neuroscience and translates it into actionable steps you can take today to help you and your team thrive at work! This practical book offers dozens of neuro-tips to help you: Cope better with stress; increase your focus at work; foster better relationships; quickly identify the intentions of others; make your goals more meaningful and achievable; cultivate a stillness of mind; increase performance; and more! 'Fight, Flight or Flourish, is a marvellous compilation and translational book. Essential reading for anyone who wants to stay abreast of the latest research in neuroscience and begin to understand what it means to be human.'A Richard Boyatzis - co-author of the international best seller Primal Leadership 'This book is a wise neuro-investment that will maximise your individual and social performance.' Dr John Demartini - International best-selling author of The Values Factor
Book Synopsis Battle for Bed-Stuy by : Michael Woodsworth
Download or read book Battle for Bed-Stuy written by Michael Woodsworth and published by Harvard University Press. This book was released on 2016-06-06 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1960s Brooklyn’s Bedford-Stuyvesant neighborhood was labeled America’s largest ghetto. But its brownstones housed a coterie of black professionals intent on bringing order and hope to the community. In telling their story Michael Woodsworth reinterprets the War on Poverty by revealing its roots in local activism and policy experiments.
Download or read book Sub-Saharan Africa written by World Bank and published by . This book was released on 1989 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: 3. Investing in people.
Book Synopsis Air Force Combat Units of World War II by : Maurer Maurer
Download or read book Air Force Combat Units of World War II written by Maurer Maurer and published by DIANE Publishing. This book was released on 1961 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
