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Impact Of External Debt Accumulation And Capital Flight On Economic Growth Of West African Countries
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Book Synopsis Impact of External Debt Accumulation and Capital Flight on Economic Growth of West African Countries by : Akanni O. Lawanson
Download or read book Impact of External Debt Accumulation and Capital Flight on Economic Growth of West African Countries written by Akanni O. Lawanson and published by . This book was released on 2014 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 External Debt and Capital Flight in Sub-Saharan Africa by : Mr.Mohsin S. Khan
Download or read book External Debt and Capital Flight in Sub-Saharan Africa written by Mr.Mohsin S. Khan and published by International Monetary Fund. This book was released on 2000-05-12 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis An Analysis of External Debt and Capital Flight in the Severely Indebted Low Income Countries in Sub-Saharan Africa by : Mr.Simeon Inidayo Ajayi
Download or read book 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 published by International Monetary Fund. This book was released on 1997-06-01 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Africa's Odious Debts by : Professor Léonce Ndikumana
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 185 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 Capital Flight and External Debt in Nigeria by : Simeon Ibidayo Ajayi
Download or read book Capital Flight and External Debt in Nigeria written by Simeon Ibidayo Ajayi and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Sub-Saharan Africa's External Debt Crisis: An exposition of the origins and causal factors by : M. S. Mukras
Download or read book Sub-Saharan Africa's External Debt Crisis: An exposition of the origins and causal factors written by M. S. Mukras and published by . This book was released on 2001 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Impact of External Debt Accumulation on Private Investment and Growth in Africa by : Njuguna Ndung'u
Download or read book Dynamic Impact of External Debt Accumulation on Private Investment and Growth in Africa written by Njuguna Ndung'u and published by . This book was released on 1998 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Empirical Investigation of Capital Flight in Selected African Countries by : Oladeji O. Ojo
Download or read book An Empirical Investigation of Capital Flight in Selected African Countries written by Oladeji O. Ojo and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Foreign Capital Flows and External Debt by : Michael I. Obadan
Download or read book Foreign Capital Flows and External Debt written by Michael I. Obadan and published by . This book was released on 2004 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis External Debt and Economic Growth in Sub-Saharan African Countries by : Milton A. Iyoha
Download or read book External Debt and Economic Growth in Sub-Saharan African Countries written by Milton A. Iyoha and published by . This book was released on 1999 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Flight from Sub-Saharan Africa by : Leonce Ndikumana
Download or read book Capital Flight from Sub-Saharan Africa written by Leonce Ndikumana and published by . This book was released on 2013 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even as African countries became increasingly indebted, they experienced largescale capital flight. Some of this was legitimately acquired capital fleeing economic and political uncertainties; some was illegitimately acquired wealth spirited to safer havens abroad. This paper presents new estimates of the magnitude and timing of capital flight from 33 sub-Saharan African countries from 1970 to 2004. We then analyze its determinants, including linkages to external borrowing. Our results confirm that sub-Saharan Africa is a net creditor to the rest of the world, in that the subcontinent's private external assets exceed its public external liabilities: total capital flight amounted to $443 billion (in 2004 dollars), compared to the external debt of $195 billion. Econometric analysis indicates that for every dollar in external loans to Africa in this period, roughly 60 cents flowed back out as capital flight in the same year, a finding that suggests the existence of widespread debt-fueled capital flight. The results also show a debt overhang effect, as increases in the debt stock spur additional capital flight in later years. In addition to policies for recovery of looted wealth and repatriation of externally held assets, we discuss the need for policies to differentiate between legitimate and odious debts, both to ease current burdens on African countries and to improve international financial governance in the future.
Book Synopsis External Debt and Economic Growth in Sub-Saharan Africa by : Atakilt Hagos
Download or read book External Debt and Economic Growth in Sub-Saharan Africa written by Atakilt Hagos and published by LAP Lambert Academic Publishing. This book was released on 2011-03 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effect of external debt on economic growth has been among the contentious issues. Based on panel data for 44 Sub-Saharan African countries for a period of over 30 years, this book reveals that external debt stock and debt services are found to have a statistically significant negative impact on economic growth especially at higher debt levels of debt/GDP ratio. The growth maximizing level of debt stock ranges from 25% to 45% of GDP. Furthermore, external debt affected growth by adversely affecting human capital formation. Debt service payments are also found to have the "crowding out" effects on private investment. The implication of these findings is that countries in Africa should align their public policies towards maintaining a sustainable level of indebtedness, improve the quality of their man power, enhance good governance and control corruption. In addition to the provision of new loans, developed countries and multilateral institutions should foster development cooperation and fairer trade for Africa. Postgraduate students and other researchers will benefit by reading this book as it adds value to the theoretical and empirical literature on external debt.
Book Synopsis Causality Between External Debt and Capital Flight in Sub-Saharan Africa by : Hippolyte Fofack
Download or read book Causality Between External Debt and Capital Flight in Sub-Saharan Africa written by Hippolyte Fofack and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Determinants of Capital Flight by : Friday Osemenshan Anetor
Download or read book Macroeconomic Determinants of Capital Flight written by Friday Osemenshan Anetor and published by . This book was released on 2019 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the study was to examine the macroeconomic determinants of capital flight from the Sub-Saharan African (SSA) countries between the period 1981-2015. The study used secondary data obtained from the World Bank Development Indicators (WDI) and applied the autoregressive distributed lag (ARDL) model technique to determine the macroeconomic factors influencing capital flight from the SSA region. The results of the study showed that economic growth had a significant negative relationship with capital flight in both the long-run and short-run. Also, the outcome of the study revealed that external debt had a significant positive relationship with capital flight in the short-run. In addition, the study noted that economic variables such as interest rate spread, inflation, and trade openness have no significant influence on capital flight in the SSA region. Overall, the study revealed that economic growth rate and external debt constitute the macroeconomic fundamentals that influence the rate of capital flight from SSA countries.
Book Synopsis Foreign Aid, Debt, and Growth in Zambia by : Per-Åke Andersson
Download or read book Foreign Aid, Debt, and Growth in Zambia written by Per-Åke Andersson and published by Nordic Africa Institute. This book was released on 2000 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study which discusses the structural problems in Zambia and the policies of adjustment that have been tried. It also analyses the impact of various strategies with regard to external resource transfers. The results show that the scope for growth is highly dependent on the tightness of the external resource constraint, and that debt service tends to dominate the policy-making.
