Capital Flight from Africa: Causes, Effects, and Policy Issues

Author:   S. Ibi Ajayi (Professor of Economics and Distinguished Service Fellow, Department of Economics, University of Ibadan) ,  Léonce Ndikumana (Professor, University of Massachusetts at Amherst)
Publisher:   Oxford University Press
ISBN:  

9780198718550


Pages:   456
Publication Date:   06 November 2014
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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Capital Flight from Africa: Causes, Effects, and Policy Issues


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Author:   S. Ibi Ajayi (Professor of Economics and Distinguished Service Fellow, Department of Economics, University of Ibadan) ,  Léonce Ndikumana (Professor, University of Massachusetts at Amherst)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.30cm , Height: 3.00cm , Length: 24.10cm
Weight:   0.842kg
ISBN:  

9780198718550


ISBN 10:   0198718551
Pages:   456
Publication Date:   06 November 2014
Audience:   College/higher education ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Part I: Why Care About Capital Flight? 1: Ibi Ajayi and Léonce Ndikumana: Introduction: Scale, Causes and Effects of Capital Flight from Africa 2: Léonce Ndikumana, James Boyce, and Ameth Saloum Ndiaye: Capital Flight from Africa: Measurement and Drivers 3: Ibi Ajayi: Capital Flight and Economic Development in Africa 4: Janvier Nkurunziza: Capital Flight and Poverty Reduction in Africa Part II: Economic Dimensions 5: Victor Murinde, Chris Ochieng, and Qingwei Meng: Capital Flight and Flow of Funds 6: Hippolyte Fofack and Léonce Ndikumana: Capital Flight and Monetary Policy in Africa 7: Robert Lensink and Niels Hermes: Financial Liberalization and Capital Flight: Evidence from the African Continent 8: Isabella Massa: Capital Flight and the Financial System 9: John Weeks: Macroeconomic Impact of Capital Flight in Sub-Saharan Africa Part III: Institutional Dimensions 10: Rabah Arezki, Gregoire Rota-Graciozi, and Lemma W. Senbet: Natural Resources and Capital Flight: A Role for Policy? 11: Melvin Ayogu and Folarin Gbadebo-Smith: Governance and Illicit Financial Flows 12: Abbi Kedir: Tax Evasion and Capital Flight in Africa 13: Frank Barry: Capital Flight, Tax Havens and Secrecy Jurisdictions 14: Melvin Ayogu and Julius Agbor: Illicit Financial Flows and Stolen Assets Value Recovery 15: Humphrey P. B. Moshi: Capital Flight and Institutional Frameworks to Promote Transparency Part IV: Conclusion 16: James Boyce and Léonce Ndikumana: Strategies for Addressing Capital Flight

Reviews

This book is a must-read for all those interested in capital flight and illicit financial flows, not just from Africa, but also from developing countries. Its contributors include some of the most authoritative researchers on capital flight from Africa. The book has succeeded immensely in moving the discourse on capital flight, from an ideological and normative platform, to one informed by rigorous analysis and longitudinal data. Steve Onyeiwu, Journal of African Development


This book is a must-read for all those interested in capital flight and illicit financial flows, not just from Africa, but also from developing countries. Its contributors include some of the most authoritative researchers on capital flight from Africa. The book has succeeded immensely in moving the discourse on capital flight, from an ideological and normative platform, to one informed by rigorous analysis and longitudinal data. * Steve Onyeiwu, Journal of African Development *


Author Information

S. Ibi Ajayi holds a PhD degree in Economics from Queen's University in Kingston, Ontario, Canada. He is a Professor of Economics and a Distinguished Service Fellow of the Department of Economics, University of Ibadan. Professor Ajayi has consulted for a wide range of international organizations including the World Bank, the International Monetary Fund, the Carnegie Corporation of New York, the World Health Organization, the United Nations Economic Commission for Africa, the United Nation's Development Program, the African Development Bank, the African Economic Research Consortium, the West African Monetary Agency, and ECOWAS. He has published over 120 articles journals, books, and chapters. Professor Ajayi's areas of interest are macroeconomics, monetary economics, public policy issues, and health economics. His main focus is in the areas of African development. Léonce Ndikumana is Professor of Economics and Director of the African Development Policy Program at the Political Economy Research Institute (PERI) at the University of Massachusetts at Amherst. He is a Member of the United Nations Committee on Development Policy. Léonce Ndikumana has served as Director of Operational Policies and Director of Research at the African Development Bank, Chief of Macroeconomic Analysis at the United Nations Economic Commission for Africa (UNECA), and visiting Professor at the University of Cape Town. He is also an Honorary Professor of Economics at the University of Stellenbosch, South Africa. Professor Ndikumana's research explores issues of external debt and capital flight; financial markets and growth; macroeconomic policies for growth and employment; aid, aid effectiveness and social development; and the economics of conflict and civil wars in Africa. He is co-author of Africa's Odious Debt: How Foreign Loans and Capital Flight Bled a Continent.

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