Download or read book On the Trail of Capital Flight from Africa written by Distinguished Professor of Economics and Director of the African Development Policy Program Léonce Ndikumana and published by Oxford University Press. This book was released on 2022-01-20 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Capital Flight from Africa written by Simeon Ibidayo Ajayi and published by Oxford University Press, USA. This book was released on 2015 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows
Download or read book Africa s Odious Debts written by Léonce Ndikumana and published by Bloomsbury Publishing. This book was released on 2011-10-13 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa's foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments. Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these 'odious debts' from which their people derived no benefit, and that the international community should assist in this effort. A vital book for anyone interested in Africa, its future and its relationship with the West.
Download or read book Africa s Odious Debts written by Professor Léonce Ndikumana and published by Zed Books Ltd.. This book was released on 2011-10-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa’s foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments. Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these ‘odious debts’ from which their people derived no benefit, and that the international community should assist in this effort. A vital book for anyone interested in Africa, its future and its relationship with the West.
Download or read book Blue Clay People written by William D. Powers and published by Bloomsbury Publishing USA. This book was released on 2008-12-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A haunting account of one man's determination and the struggles of a people living in a deeply troubled country."-Booklist When William Powers went to Liberia as a fresh-faced aid worker in 1999, he was given the mandate to "fight poverty and save the rainforest." It wasn't long before Powers saw how many obstacles lay in the way, discovering first-hand how Liberia has become a "black hole in the international system"-poor, environmentally looted, scarred by violence, and barely governed. Blue Clay People is an absorbing blend of humor, compassion, and rigorous moral questioning, arguing convincingly that the fate of endangered places such as Liberia must matter to all of us.
Download or read book Capital Punishment Second Edition written by Alan Marzilli and published by Infobase Publishing. This book was released on 2009-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Against Global Apartheid written by Patrick Bond and published by Palgrave Macmillan. This book was released on 2003 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 'Against Global Apartheid', Patrick Bond reveals the extent of the economic and human damage caused by policies implemented by World Bank and the IMF in developing countries, particularly South Africa, and argues that there is another way to more socially just economic development.
Download or read book Swallow written by Henry Rider Haggard and published by . This book was released on 1911 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tourism in Africa written by Iain Christie and published by World Bank Publications. This book was released on 2014-06-19 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents how tourism initiates economic development and how constraints to the growth of tourism in Sub-Saharan Africa can be addressed. With 24 case studies that illustrate tourism development, it reveals that despite destination challenges, the basic elements needed to initialize or intensify success are applicable across the region.
Download or read book Africa After Independence written by Godfrey Mwakikagile and published by New Africa Press. This book was released on 2006 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work focuses on the early years of independence and the problems African countries faced soon after the end of colonial rule. Many of those problems still exist today. They include poverty and underdevelopment; adoption of alien ideologies and economic and political systems; structural flaws of the modern African state and its institutions inherited at independence; nation-building, democratization, national integration, and ethnoregional rivalries among others. It is also a historical study of the continent since the partition of Africa by the imperial powers and of the struggle for independence. It also focuses on the continent's demographic composition, shedding some light on the complexity and diversity of the world's second largest continent. The history of Africa's indigenous peoples and their earliest contact with foreigners provides a background to this telescopic survey. The sixties was one of the most important decades in the history of Africa and this work provides a balanced perspective on those years when Africans celebrated the end of colonial rule on their continent. It is a compact study covering a vast expanse of territory from the advent of imperial rule to the attainment of sovereign status for African countries during the sixties and the problems they faced in those years. As a demographic portrait, it excels in depicting the continent as a tapestry that reflects the racial diversity and multiethnic composition of this vast land mass, the second largest after Asia. And as a historical and political analysis, it addresses some of the most important issues in the post-colonial era including the Cold War, with the Congo figuring prominently in the analysis as thefirst theatre of combat and super-power rivalry in the early sixties on the African continent. The dawn of freedom provided opportunities and challenges for the young African nations as they tried to modernize and consolidate their independence in a world dominated by major powers and contending ideologies. It was a rude awakening to the harsh realities of nationhood. One of these was the desire by the major powers to turn African countries into client states as the two ideological camps, East and West, competed for world domination. As Julius Nyerere warned, "We are not going to allow our friends to choose our enemies for us." One of the most contentious grounds for this hegemonic control was, of course, the Congo, right in the middle of the continent. It became the bleeding heart of Africa as the country was turned into a combat theatre mainly between the surrogate forces of the West and the Congolese nationalist forces supported by a number of African countries and by the Soviet Union and the People's Republic of China. The Congo imbroglio since the turbulent sixties mainly as a result of foreign intrigue and intervention is one of the most important subjects addressed in this book. And it raises serious questions that have profound implications even today for a continent mired in conflict; this time ignited by the Africans themselves in many - but not in all - cases. Yet, prospects for the world's poorest and most embattled continent are not bleak if Africans seek their own solutions to their own problems in this post-Cold War era of globalization dominated by the industrialized nations. The book includes many photos from the early sixties, the dawn of a new era when Africancountries won independence, which Oginga Odinga described as "Not Yet Uhuru."
Download or read book Leaving the Tarmac written by Aigboje Aig-Imoukhuede and published by . This book was released on 2015-08-27 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital as Power written by Jonathan Nitzan and published by Routledge. This book was released on 2009-06-02 with total page 853 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.
Download or read book More Money Than God written by Sebastian Mallaby and published by A&C Black. This book was released on 2011-05-03 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be 'total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. 'All I want to do is kill myself,' one said. 'Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.
Download or read book Travels in West Africa written by Mary H. Kingsley and published by . This book was released on 1897 with total page 842 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a dutiful Victorian daughter, the author was thirty before being freed (by her parents' deaths) to do as she chose. She went to West Africa in 1893 and again in 1895, to investigate the beliefs and customs of the inland tribes and also to collect zoological specimens. She was appalled by the 'thin veneer of rubbishy white culture' imposed by British officials and was not afraid to say so.
Download or read book South Africa Pushed to the Limit written by Hein Marais and published by Bloomsbury Publishing. This book was released on 2013-07-04 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1994, the democratic government in South Africa has worked hard at improving the lives of the black majority, yet close to half the population lives in poverty, jobs are scarce, and the country is more unequal than ever. For millions, the colour of people's skin still decides their destiny. In his wide-ranging, incisive and provocative analysis, Hein Marais shows that although the legacies of apartheid and colonialism weigh heavy, many of the strategic choices made since the early 1990s have compounded those handicaps. Marais explains why those choices were made, where they went awry, and why South Africa's vaunted formations of the left -- old and new -- have failed to prevent or alter them. From the real reasons behind President Jacob Zuma's rise and the purging of his predecessor, Thabo Mbeki, to a devastating critique of the country's continuing AIDS crisis, its economic path and its approach to the rights and entitlements of citizens, South Africa Pushed to the Limit presents a riveting benchmark analysis of the incomplete journey beyond apartheid.
Download or read book The Great Escape That Changed Africa s Future written by Harper, Charles R. and published by Lucas Park Books. This book was released on 2017-04-21 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the story of the dramatic clandestine escape, in June of 1961, of sixty African students from Portugal across Spain and into France. Most were Angolan intellectuals. Some were from Mozambique and others from Guinea-Bissau, the Cape Verde Islands, and São Tomé-and-Principe. Soon after the first anti-colonial armed rebellions broke out in Angola (March 1961), the student community in Portugal suffered increasing harassment by the Portuguese political police. Passports were confiscated and some arrests of suspected student leaders occurred. Many students - men and women - decided to flee Portugal illegally. It was risky business. False passports from friendly African countries had to be found, contacts set up for night border crossings into Franco's Spain, and then overland transportation to France. Some of the students, graduates of North American and British missionary schools in Africa, appealed to the World Council of Churches in Geneva to help them escape. The challenge was accepted by the French Protestant service agency CIMADE. The successful operation makes for exciting reading. This updated edition includes recollections of African heads of government who participated in the Great Escape.
Download or read book Moon U S Civil Rights Trail written by Deborah D. Douglas and published by Moon Travel. This book was released on 2021-01-12 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Civil Rights Trail offers a vivid glimpse into the story of Black America's fight for freedom and equality. From eye-opening landmarks to celebrations of triumph over adversity, experience a tangible piece of history with Moon U.S. Civil Rights Trail. Flexible Itineraries: Travel the entire trail through the South, or take a weekend getaway to Charleston, Birmingham, Jackson, Memphis, Washington DC, and more places significant to the Civil Rights Movement Historic Civil Rights Sites: Learn about Dr. King's legacy at the Lorraine Motel in Memphis, be transformed at the small but mighty Emmett Till Intrepid Center, and stand tall with Little Rock Nine at their memorial in Arkansas The Culture of the Movement: Get to know the voices, stories, music, and flavors that shape and celebrate Black America both then and now. Take a seat at a lunch counter where sit-ins took place or dig in to heaping plates of soul food and barbecue. Spend the day at museums that connect our present to the past or spend the night in the birthplace of the blues Expert Insight: Award-winning journalist Deborah Douglas offers her valuable perspective and knowledge, including suggestions for engaging with local communities by supporting Black-owned businesses and seeking out activist groups Travel Tools: Find driving directions for exploring the sites on a road trip, tips on where to stay, and full-color photos and maps throughout Detailed coverage of: Charleston, Atlanta, Selma to Montgomery, Birmingham, Jackson, the Mississippi Delta, Little Rock, Memphis, Nashville, Raleigh, Durham, Virginia, and Washington DC Foreword by Bree Newsome Bass: activist, filmmaker, and artist Journey through history, understand struggles past and present, and get inspired to create a better future with Moon U.S. Civil Rights Trail. About Moon Travel Guides: Moon was founded in 1973 to empower independent, active, and conscious travel. We prioritize local businesses, outdoor recreation, and traveling strategically and sustainably. Moon Travel Guides are written by local, expert authors with great stories to tell—and they can't wait to share their favorite places with you. For more inspiration, follow @moonguides on social media.
