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Capital Flight from Africa: Causes, effects and Policy Issues


This edited collection provides the most comprehensive analysis of capital flight from Africa, covering economic and institutional aspects, as well as domestic and global dimensions. It is organized into four parts. The first part discusses the importance of capital flight in the context of development policy discourse at the national and international level. 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 of capital flight on economic development in general, and on poverty reduction in particular. The second part examines economic factors and impacts of capital flight 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 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.

 

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Capital Flight from Africa: Causes, effects and Policy Issues

This edited collection provides the most comprehensive analysis of capital flight from Africa, covering economic and institutional aspects, as..

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Institutions and Service Delivery in Africa

Collected in this book are framework papers prepared for the collaborative research project on Institutions and Service  Delivery in Africa..

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The Macroeconomics of Africa’s Recent Growth

This volume is drawn from final research papers developed under the auspices and support of the Thematic Research Programme of the African ..

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