By Léonce Ndikumana,James K. Boyce
Léonce Ndikumana and James ok. Boyce exhibit the intimate hyperlinks among overseas loans and capital flight. Of the money borrowed by means of African governments in contemporary a long time, greater than part departed within the related 12 months, with a good portion of it finishing up in deepest debts on the very banks that supplied the loans within the first position. in the meantime, debt-service funds proceed to empty scarce assets from Africa, slicing into cash to be had for public overall healthiness and different wishes. Controversially, the authors argue that African governments should still repudiate those ‘odious money owed’ from which their humans derived no profit, and that the overseas neighborhood may still help in this effort.
A very important e-book for someone drawn to Africa, its destiny and its dating with the West.
Read Online or Download Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments) PDF
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Extra info for Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments)
Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments) by Léonce Ndikumana,James K. Boyce