Skip to content

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

Spend $50 to get a free DVD!

ISBN-10: 1848134592

ISBN-13: 9781848134591

Edition: 2011

Authors: James K. Boyce, L�once Ndikumana

Blue ribbon 30 day, 100% satisfaction guarantee!
Buy eBooks
what's this?
Rush Rewards U
Members Receive:
Carrot Coin icon
XP icon
You have reached 400 XP and carrot coins. That is the daily max!


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…    
Customers also bought

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
Language: English

Figures and tables
Tales from the shadows of international finance
Measuring African capital flight
The revolving door
The human costs
The way forward
Senior policy seminar on capital flight in sub-Saharan Africa