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In a detailed empirical presentation, they show quite the contrary: capital outflow from the poorest countries in the world, to the richest. This book should radically alter thinking and policy. Eminently readable, it is a fascinating study on how absolute power corrupts absolutely beyond the tethers of human conscience.

The magnitude and determinants of capital flight: The case for six sub-Saharan African countries

Much can be done to free African countries from this appalling burden, and the authors are right to identify strengthening transparency, curtailing money laundering, repudiating odious debt and recovering stolen wealth as top priorities. Enraging, enlightening and encouraging in equal measure, this book combines passion and research excellence: a genuine tour de force.

Combining political analysis and historical research with convincing economic modelling, they present a compelling case for overhauling a financial system that has acted as a barrier to progress for too long. Crucially for a short book of this nature, it is a rattling read, full of anecdotes and explanations that make quite a complex subject understandable to everyone.


  • Rise Against the Game: Questioning the Status Quo!
  • Say It With Flowers;
  • Corruption, institutions and capital flight: evidence from Sub-Saharan Africa.
  • Battle for the Internet: An open democracy or a walled garden? (Guardian Shorts Book 32);
  • Speech Recipe.
  • Debt in the South.
  • The Story of Rose: A Man and His Dog.

This basic equation is brilliantly and wrenchingly elucidated by Boyce and Ndikumana. The truth will out and the remedy is at hand.

Bravo for an important, timely, and influential work! Students of economic development will certainly benefit from the book.

How Capital Flight Drains Africa: Stolen Money And Lost Lives

I highly recommend it to all interested in African development and development studies generally. African Arguments. Elections Map.

This suggests that a higher perception of corruption among public authorities as in bribery, kickbacks in public procurement, embezzlement of public funds, among others facilitates an increase in capital outflow from SSA. The findings further indicate that regime durability and rule of law are important institutional variables that also significantly influence capital flights in SSA.

May 2018 IMF Regional Economic Outlook for Sub-Saharan Africa

The findings imply that institutional reforms should be encouraged if SSA is to win the war against corruption and by extension against capital flight. There should be a creation of democratic environment and good governance practices that foster stronger governance institutions, decline in corruption and better domestic investment climate to help reverse the high spate of capital flight in the region.

The main value of this paper is using the portfolio choice framework to analyze the relationship between capital flight and corruption in the Sub-Saharan African context. Osei-Assibey, E.

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Africa's Odious Debts - African Arguments

Abstract Purpose The purpose of this paper is to investigate the effect of corruption and institutional governance indicators on capital flight in Sub-Saharan Africa. Findings The variable of interest, corruption, retains its expected positive sign and statistically significant across all the estimations. Practical implications The findings imply that institutional reforms should be encouraged if SSA is to win the war against corruption and by extension against capital flight.