Illicit Financial Flows From South Africa

Author : Serges Djoyou Kamga
Publisher : Routledge
Page : 196 pages
File Size : 41,9 Mb
Release : 2021-09-21
Category : Political Science
ISBN : 9781000434521

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Illicit Financial Flows from South Africa by Serges Djoyou Kamga Pdf

This book examines the detrimental impact of illicit financial flows on South Africa’s development, political economy, and transformation in the 21st century. Over the years, illicit financial flows have led to the systematic looting and channelling away of South African resources, yet they are rarely studied by researchers looking to explain the country’s underdevelopment and political economy. This book looks across sectors, showing that illicit financial flows cut across all the key pillars of development, frustrating the betterment of peoples’ lives in South Africa. Investigating the problem from a decolonial perspective, the book delves deep into the catastrophic impacts of illicit financial flows for people and the economy, discusses how the problem is being combatted, and ultimately suggests solutions for rebuilding social trust between people and the state. Making an important contribution to the decolonial debate, as well as to discussions of South Africa’s political economy, this book will be of interest to researchers across African studies, global development, political science, law and corruption studies.

Author : Gerard Emmanuel Kamdem Kamga,Serges Djoyou Kamga,Arnold Kwesiga
Publisher : Lexington Books
Page : 339 pages
File Size : 41,6 Mb
Release : 2024-02-15
Category : Political Science
ISBN : 9781666932317

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Right to Development and Illicit Financial Flows from Africa by Gerard Emmanuel Kamdem Kamga,Serges Djoyou Kamga,Arnold Kwesiga Pdf

Gerard Emmanuel Kamdem Kamga, Serges Djoyou Kamga, and Arnold Kwesiga explore a relatively new phenomenon, namely referred to as illicit financial flows, that aim to impoverish the African continent and prevent its economic development. There is a direct relationship between illicit financial flows and failed initiatives to realize the right to development on the continent. For instance, in 2016, Africa received $41 billion towards public development while $50 billion left the continent through illicit financial flows. The gap between recent economic achievements on the continent and its state of generalized underdevelopment coupled with rampant poverty, corruption, prolonged economic crisis, and political instabilities signals an issue with resource allocations. The systematic theft of resources by multinational corporations and criminal networks is a hard blow to the idea of people-driven development in line with the Pan African vision of “an integrated, prosperous and peaceful Africa” proclaimed by Agenda 2063. Right to Development and Illicit Financial Flows from Africa: Dynamics, Perspectives, and Prospects provides insights into the dynamics and perspectives on illicit financial flows and its dire impacts on the right to development and development initiatives across the continent.

Author : Oecd
Publisher : Unknown
Page : 100 pages
File Size : 53,6 Mb
Release : 2022-04-08
Category : Electronic
ISBN : 9264746447

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Assessing Tax Compliance and Illicit Financial Flows in South Africa by Oecd Pdf

Author : OECD
Publisher : OECD Publishing
Page : 128 pages
File Size : 42,7 Mb
Release : 2014-04-23
Category : Electronic
ISBN : 9789264203501

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Illicit Financial Flows from Developing Countries Measuring OECD Responses by OECD Pdf

This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets.

Author : Gerard Emmanuel Kamdem Kamga,Serges Djoyou Kamga,Arnold Kwesiga
Publisher : Unknown
Page : 0 pages
File Size : 48,6 Mb
Release : 2024-02-15
Category : Electronic
ISBN : 1666932302

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Right to Development and Illicit Financial Flows from Africa by Gerard Emmanuel Kamdem Kamga,Serges Djoyou Kamga,Arnold Kwesiga Pdf

Right to Development and Illicit Financial Flows from Africa: Dynamics, Perspectives, and Prospects discusses illicit financial flows and the right to development in Africa. The contributors examine recent examples of illicit financial flows and the impact that these have had on the African continent.

Author : Adeyemi Olayiwola Kayode Dipeolu
Publisher : Unknown
Page : 122 pages
File Size : 52,6 Mb
Release : 2015
Category : Capital movements
ISBN : 9994461478

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Illicit Financial Flow by Adeyemi Olayiwola Kayode Dipeolu Pdf

Author : Léonce Ndikumana,James K. Boyce
Publisher : Oxford University Press
Page : 273 pages
File Size : 46,7 Mb
Release : 2021-12-23
Category : Business & Economics
ISBN : 9780192594228

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On the Trail of Capital Flight from Africa by Léonce Ndikumana,James K. Boyce Pdf

On the Trail of Capital Flight from Africa 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.

Author : Simeon Ibidayo Ajayi,Léonce Ndikumana
Publisher : Oxford University Press, USA
Page : 455 pages
File Size : 41,8 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780198718550

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Capital Flight from Africa by Simeon Ibidayo Ajayi,Léonce Ndikumana Pdf

A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows

Author : Stuart Yikona
Publisher : World Bank Publications
Page : 129 pages
File Size : 53,5 Mb
Release : 2013-11-14
Category : Business & Economics
ISBN : 9781464800412

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Pirate Trails by Stuart Yikona Pdf

Traditionally piracy has produced sentimental notions of adventure, freedom, and independence. However, piracy is a criminal act and often involves high levels of violence that can have a devastating impact on the victims. This book attempts to understand the illicit financial flows from the proceeds of piracy.

Author : Roman Grynberg,Fwasa K. Singogo
Publisher : Springer Nature
Page : 494 pages
File Size : 50,5 Mb
Release : 2021-04-22
Category : Business & Economics
ISBN : 9783030659950

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African Gold by Roman Grynberg,Fwasa K. Singogo Pdf

The book explores the evolving economics of gold as a global commodity as well as the production and trade of gold in and from the African continent. The growth of gold as an increasingly important and diverse source of African wealth is examined, alongside the impact that the rise of China in the 21st century has had on the demand for gold. The volatility of the gold price has increased as a result of the dramatic decline of gold demand for manufacturing purposes. Gold is Africa’s second largest export after oil and is a perfect metaphor for a continent rich in resources while so much of its population lives in such dire poverty. The artisanal and small scale gold mining (ASGM) sector, is surprisingly widely perceived as being beneficial to the development of Africa despite its exploitation and dreadful health and environmental consequences. African Gold: Production, Trade and Economic Development considers policy issues regarding the gold mining sector, the economics of beneficiation, the retreat of jewelry manufacturing across the continent as well as ‘Africa’s golden future’. It is a relevant book for both academics and policymakers interested in Africa, natural resource, and development economics.

Author : Alex Cobham,Petr Jansky,Petr Jánský
Publisher : Oxford University Press
Page : 224 pages
File Size : 46,7 Mb
Release : 2020
Category : Commercial crimes
ISBN : 9780198854418

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Estimating Illicit Financial Flows by Alex Cobham,Petr Jansky,Petr Jánský Pdf

Illicit financial flows constitute a global phenomenon of massive but uncertain scale, which erodes government revenues and drives corruption in countries rich and poor. This book offers a critical examination of existing data and methodologies, identifying the most promising avenues for future improvement.

Author : Michael G. Findley,Daniel L. Nielson
Publisher : Cambridge University Press
Page : 275 pages
File Size : 40,8 Mb
Release : 2014-01-23
Category : Law
ISBN : 9781107043145

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Global Shell Games by Michael G. Findley,Daniel L. Nielson Pdf

Every year a staggering number of corporate service providers mask perpetrators of terrorist financing, corruption and illegal arms trades, but the degree to which firms flout global identification standards remains unknown. This book sheds new light on the sordid world of anonymous shell corporations through a series of field experiments.

Author : Stuart Yikona
Publisher : Unknown
Page : 106 pages
File Size : 52,5 Mb
Release : 2014-02-12
Category : Flow of funds
ISBN : 1306180627

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Pirate Trails by Stuart Yikona Pdf

Traditionally piracy has produced sentimental notions of adventure, freedom, and independence. However, piracy is a criminal act and often involves high levels of violence that can have a devastating impact on the victims. 21st Century piracy has evolved into a highly complex system involving a cast of characters, each motivated by a mix of economic and social reasons. While the focus of the international community has been on dealing with piracy through counter piracy operations that include naval, air, and military operations, this book attempts to understand the illicit financial flows from the proceeds of piracy and to espouse the cause for the detection, disruption, and confiscation of proceeds from acts of piracy.

Author : Carol Chi Ngang,Serges Djoyou Kamga
Publisher : Taylor & Francis
Page : 329 pages
File Size : 41,6 Mb
Release : 2021-08-25
Category : Nature
ISBN : 9781000433739

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Natural Resource Sovereignty and the Right to Development in Africa by Carol Chi Ngang,Serges Djoyou Kamga Pdf

This book explores the nexus between natural resources ownership and the right to development in Africa. The right to sovereignty over natural resources and the right to development are recognised and protected in an extensive framework of international, regional and domestic instruments. They guarantee people's entitlement to fully and freely utilise their natural resources as a means of subsistence and for economic, social and cultural development. Yet, despite the abundance of natural resources in Africa a majority of the people on the continent remain largely impoverished. This book articulates the central argument that to achieve the right to development in Africa requires appropriate governance of the continent’s natural resources to which the people of Africa are guaranteed sovereign ownership. With case study illustrations from Zimbabwe, Ghana, Ethiopia and the Democratic Republic of Congo, chapters explore the normative measures, specific guarantees and community entitlements to natural resources for the realisation of the right to development. The book will be an invaluable guide to scholars and postgraduate students of Natural Resources, Development and African studies as well as policymakers and practitioners in these areas.

Author : World Bank Group
Publisher : World Bank Publications
Page : 304 pages
File Size : 42,6 Mb
Release : 2017-01-23
Category : Business & Economics
ISBN : 9781464809514

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World Development Report 2017 by World Bank Group Pdf

Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform.