Africa's Odious Debts How Foreign Loans and Capital Flight Bled a Continent

ISBN-10: 1848134592
ISBN-13: 9781848134591
Edition: 2011
Buy it from $21.49
30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy

Description: The latest title in the hugely successful African Arguments series, Africa's Odious Debtreveals that, contrary to the popular perception of Africa being a drain on the financial resources of the developed world, more money destined for the West  More...

New Starting from $21.49
what's this?
Rush Rewards U
Members Receive:
coins
coins
You have reached 400 XP and carrot coins. That is the daily max!
You could win $10,000

Get an entry for every item you buy, rent, or sell.

Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Add to cart
Study Briefs
History of Western Art Online content $4.95 $1.99
Add to cart
Study Briefs
History of World Philosophies Online content $4.95 $1.99
Add to cart
Study Briefs
American History Volume 1 Online content $4.95 $1.99
Add to cart
Study Briefs
History of Western Music Online content $4.95 $1.99

Customers also bought

Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading

Book details

Copyright year: 2011
Publisher: Zed Books, Limited
Publication date: 10/13/2011
Binding: Paperback
Pages: 152
Size: 5.00" wide x 7.75" long x 0.50" tall
Weight: 0.396

The latest title in the hugely successful African Arguments series, Africa's Odious Debtreveals that, contrary to the popular perception of Africa being a drain on the financial resources of the developed world, more money destined for the West leaves the continent than it actually receives. The extent of capital flight from sub-Saharan Africa is remarkable: $420 billion in the period 1970-2004 -- this hemorrhaging of capital being substantialy fueled by borrowing from international creditors. It also shows the hidden counterparts of Africa's external debts are the external assets built through such capital flight. The crucial difference being that whereas the debts are owed by the African people through their governments, these assets are strictly private, held by wealthy and politically well-connected individuals. Connecting these dots, the authors make a convincing and forcefully argued case for selective repudiation of Africa's "odious debts": external debts incurred by kleptocratic regimes without the consent of their people, from which the people derived no economic benefit. This is a vital book for anyone interested in Africa, its future and its relationship with the West

Figures and tables
Photographs
Abbreviations
Acknowledgements
Map
Introduction
Tales from the shadows of international finance
Measuring African capital flight
The revolving door
The human costs
The way forward
Tables
Senior policy seminar on capital flight in sub-Saharan Africa
Notes
Bibliography
Index

×
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.

×