Association of Concerned Africa Scholars
Analysis and Action on Policies Impacting Africa

ACAS Bulletin 87 - Africa’s Capital Losses: What Can Be Done?

Africa’s capital losses from illicit financial flows far outweigh inflows from aid or direct foreign investment. But what can be done? It is essential to understand that this depends on the same global system that handles “offshore investments” by Mitt Romney and others in the global 1%.

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