Africa's Odious Debt: How Foreign Loans and Capital Flight Bled a Continent

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Africa's Odious Debt: How Foreign Loans and Capital Flight Bled a Continent - Boyce, James, and Ndikumana, Leonce

In Africa's Odious Debts, Boyce and Ndikumana reveal that, contrary to the popular perception of Africa being a drain on the financial resources of the developed world, more money destined for the West leaves the continent than it actually receives. The extent of capital flight from sub-Saharan Africa is remarkable: $420 billion in the period 1970 ... Read More

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