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

Name: Africa's Odious Debts How Foreign Loans and Capital Flight Bled a Continent
Price: 4.6 USD
Availability: InStock
ISBN: 9781848134591

ISBN-10: 1848134592

ISBN-13: 9781848134591

Edition: 2011

Authors: Lï¿½once Ndikumana, James K. Boyce

List price: $17.99

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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 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…

Book details

List price: $17.99
Copyright year: 2011
Publisher: Bloomsbury Academic & Professional
Publication date: 10/13/2011
Binding: Paperback
Pages: 152
Size: 4.89" wide x 7.82" long x 0.45" tall
Weight: 0.396
Language: English



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