Capital flight from Africa : causes, effects, and policy issues

Resource Information

The item Capital flight from Africa : causes, effects, and policy issues represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.

Summary: The authors discuss the importance of capital flight in the context of the development policy discourse at national and international level in the first part of this book. This part takes stock of the existing evidence on the nature, causes, and consequences of capital flight. It provides the most recent data on the magnitude of capital flight from 39 African countries, and a detailed analysis of the impact on economic development in general and on poverty reduction in particular. The second part examines economic factors and impact of capital flight. It presents the impact on macroeconomic outcomes with a focus on growth, and the linkages between capital flight and monetary policy, financial liberalization and the global financial system. The third part explores the domestic and international institutional environment and its relevance for capital flight and stolen asset recovery. It discusses the role of governance, tax evasion, and secrecy jurisdictions in driving capital flight. The last part of the book offers suggestions for strategies to address the problem of capital flight from African countries

Work

Summary: The authors discuss the importance of capital flight in the context of the development policy discourse at national and international level in the first part of this book. This part takes stock of the existing evidence on the nature, causes, and consequences of capital flight. It provides the most recent data on the magnitude of capital flight from 39 African countries, and a detailed analysis of the impact on economic development in general and on poverty reduction in particular. The second part examines economic factors and impact of capital flight. It presents the impact on macroeconomic outcomes with a focus on growth, and the linkages between capital flight and monetary policy, financial liberalization and the global financial system. The third part explores the domestic and international institutional environment and its relevance for capital flight and stolen asset recovery. It discusses the role of governance, tax evasion, and secrecy jurisdictions in driving capital flight. The last part of the book offers suggestions for strategies to address the problem of capital flight from African countries