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On the Trail of Capital Flight from Africa

The Takers and the Enablers

On the Trail of Capital Flight from Africa

On the Trail of Capital Flight from Africa

The Takers and the Enablers

On the Trail of Capital Flight from Africa

 

This volumes uses quantitative, qualitative, and institutional analyses to examine capital flight from African countries. The collected chapters reveal the networks of actors that facilitate capital flight and the offshore accumulation of private wealth.


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Beschrijving On the Trail of Capital Flight from Africa

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.


ISBN
9780198852728
Pagina's
272
Verschijnt
NUR
780
Druk
1
Uitvoering
Hardback
Taal
Engels
Uitgever
OUP Oxford

Economie en bedrijf