{"product_id":"on-the-trail-of-capital-flight-from-africa-the-takers-and-the-enablers-9780198883135","title":"On the Trail of Capital Flight from Africa: The Takers and the Enablers","description":"\u003cem\u003eOn the Trail of Capital Flight from Africa\u003c\/em\u003e 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.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003eLéonce Ndikumana, \u003cem\u003eDistinguished Professor of Economics and Director of the African Development Policy Program, Political Economy Research Institute, University of Massachusetts Amherst\u003c\/em\u003e, James K. Boyce, \u003cem\u003eSenior Fellow, Political Economy Research Institute, University of Massachusetts Amherst\u003c\/em\u003e \u003cbr\u003e\u003cstrong\u003eLéonce Ndikumana\u003c\/strong\u003e is a Distinguished Professor of Economics and Director of the African Development Policy Program at the Political Economy Research Institute at the University of Massachusetts Amherst. He is an Andrew Carnegie Fellow, a member of the Independent Commission for the Reform of International Corporate Taxation, and an Honorary Professor of Economics at the University of Cape Town and the University of Stellenbosch in South Africa. He held senior positions at the African Development Bank and the United Nations Economic Commission for Africa. His previous books include \u003cem\u003eAfrica's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent\u003c\/em\u003e (with James K. Boyce, Zed Books, 2011), and \u003cem\u003eCapital Flight from Africa Causes, Effects, and Policy Issues\u003c\/em\u003e (with S. Ibi Ajay, OUP, 2014) \u003cp\u003e\u003c\/p\u003e\u003cstrong\u003eJames K. Boyce\u003c\/strong\u003e is a senior fellow at the Political Economy Research Institute at the University of Massachusetts Amherst. His previous books include \u003cem\u003eEconomics for People and the Planet\u003c\/em\u003e (Anthem, 2019), \u003cem\u003eAfrica's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent\u003c\/em\u003e (with Léonce Ndikumana, Zed Books 2011), \u003cem\u003e Investing in Peace: Aid and Conditionality after Civil Wars\u003c\/em\u003e (Oxford University Press 2002), \u003cem\u003eThe Philippines: The Political Economy of Growth and Impoverishment in the Marcos Era\u003c\/em\u003e (Macmillan, 1993), and \u003cem\u003eAgrarian Impasse in Bengal\u003c\/em\u003e (OUP, 1987).\u003cbr\u003e","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":50394643366162,"sku":"9780198883135","price":38.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_ad878d7b-3870-48af-b1ce-ebe7caa2145d.jpg?v=1729012229","url":"https:\/\/surprise-castle.myshopify.com\/products\/on-the-trail-of-capital-flight-from-africa-the-takers-and-the-enablers-9780198883135","provider":"Surprise Castle","version":"1.0","type":"link"}