On The Trail Of Capital Flight From Africa by Leonce Ndikumana, Hardcover | Indigo Chapters

On the Trail of Capital Flight from Africa investigates the dynamics of capital flight from Angola, Cote 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 isused 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 ofcapital 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 globalphenomenon, 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 requirenational and global efforts with a high level of coordination. | On The Trail Of Capital Flight From Africa by Leonce Ndikumana, Hardcover | Indigo Chapters