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

Tax Havens