La fuite des capitaux hors d’Afrique (Capital flight from Africa)
by Léonce Ndikumana / K. James Boyce
Description
The Capital Flight from Africa examines the dynamics of capital flight from South Africa, Angola, and Côte d'Ivoire, countries that have witnessed significant and large-scale illicit outflows of capital in recent decades. For each of these countries, quantitative, qualitative, and institutional analysis is employed to investigate the modus operandi of capital flight. This includes identifying the key domestic and foreign actors, understanding the mechanisms of capital acquisition, transfer, and concealment, and determining the locations and destinations involved in capital transactions.
The evidence reveals a complex network of actors and facilitators engaged in orchestrating and facilitating capital flight, as well as accumulating private wealth in secret offshore jurisdictions. It underscores the global nature of capital flight and the fact that efforts to mitigate it are a shared responsibility of Africa and the global community. Global efforts, with a high level of coordination, will be necessary to address the issue of capital flight and related concerns such as false invoicing, money laundering, tax evasion, and the misappropriation of public assets by political and economic elites.
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Author Biography
Léonce Ndikumana is a professor of economics at the University of Massachusetts, Amherst, where he serves as the Director of the African Development Policy Program. He is an Andrew Carnegie Fellow, a member of the Independent Commission for the Reform of International Corporate Taxation, and an honorary professor of economics at the University of Cape Town and Stellenbosch University in South Africa. He has held positions as the Director of Operational Policies, Director of Research at the African Development Bank, and Chief of Macroeconomic Analysis at the United Nations Economic Commission for Africa (UNECA). His previous works include "Africa's Odious Debt: How Debt and Capital Flight Bled a Continent" (with James K. Boyce, Amalion, 2013), and "Capital Flight from Africa: Causes, Effects, and Policy Issues" (with S. Ibi Ajay, OUP, 2014).
James K. Boyce is a professor of economics at the University of Massachusetts, Amherst, at the Political Economy Research Institute of the University of Massachusetts Amherst. He has published works such as "Economics for People and the Planet" (Anthem, 2019), "Africa's Odious Debt: How Debt and Capital Flight Bled a Continent" (with Léonce Ndikumana, Zed Books, 2011), "Investing in Peace: Aid and Conditionality after Civil Wars" (Oxford University Press, 2002), "The Philippines: The Political Economy of Growth and Impoverishment in the Marcos Era" (Macmillan, 1993), and "Agrarian Impasse in Bengal" (OUP, 1987).
Amalion
Amalion is an independent multilingual scholarly publisher with the mission to disseminate innovative knowledge on Africa to strengthen the understanding of humanity.
View all titlesBibliographic Information
- Publication Date March 2024
- Orginal LanguageFrench
- ISBN/Identifier 9782359261233
- Publication Country or regionSenegal
- FormatPaperback
- Primary Price 35 USD
- Pages272
- ReadershipGeneral
- Publish StatusUnpublished
- Original Language AuthorsFrench
- Copyright Year2024
- Dimensions22.9 x 15.2 cm
- IllustrationBlack and white drawings / photos
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