Nov 20 2012

Africa’s Capital Losses: What Can Be Done? ACAS bulletin

Posted by: Nicholas Shaxson in: Thoughts

In addition to my Financial Times comment article today, I have another article in a bulletin of the Association of Concerned African Scholars (ACAS), guest edited by Léonce Ndikumana and James Boyce. The edition just published contains several pieces describing how Africa’s capital losses from illicit financial flows far outweigh inflows from aid or direct foreign investment, and then explores what can be done.

Fall 2012
Edited by William Minter and Timothy Scarnecchia
Special Bulletin Editors: Léonce Ndikumana and James Boyce

Table of Contents
Introduction | pdf
William Minter and Timothy Scarnecchia

Rich Presidents of Poor Nations: Capital Flight from Resource-Rich Countries in Africa | pdf
Léonce Ndikumana and James K. Boyce

Macroeconomic Impact of Capital Flows in Sub-Saharan African Countries, 1980-2008 | pdf
John Weeks

Illicit Financial Flows: A Constraint on Poverty Reduction in Africa | pdf
Janvier D. Nkurunziza

The Paradox of Capital Flight from a Capital-Starved Continent | pdf
Elizabeth Asiedu, John Nana Francois, and Akwasi Nti-Addae

Stolen Asset Recovery: The Need for a Global Effort | pdf
Hippolyte Fofack

Debt Audits and the Repudiation of Odious Debts | pdf
James K. Boyce and Léonce Ndikumana

The Benefits of Country-by-Country Reporting | pdf
Richard Murphy

Africa’s Lost Tax Revenue | pdf
John Christensen

Tax Havens: An Emerging Challenge to Africa’s Development Financing | pdf
Nicholas Shaxson

Plundering a Continent | pdf
Raymond Baker

Information Resources on Capital Losses and Related Issues | pdf
William Minter

Download the entire Bulletin in PDF here: pdf

one comment

Demetrius 11th November, 2012 1.01 pm

In Europe we once called Africa “The Dark Continent” because what went on there was beyond our real knowledge or understanding. If the states of Africa cannot retain their capital and cannot tax effectively it might just go “dark” again.

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