Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments)
Huge Savings Item! Free Shipping Included! Save 19% on the Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments) by Brand: Zed Books at Dream Africa H. MPN: black & white illustrations, black & whi. Hurry! Limited time offer. Offer valid only while supplies last. In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the
Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these ‘odious debts’ from which their people derived no benefit, and that the international community should assist in this effort.
A vital book for anyone interested in Africa, its future and its relationship with the West.
|Brand:||Brand: Zed Books|
|Part Number:||black & white illustrations, black & whi|
|MPN:||black & white illustrations, black & whi|
|Item Weight:||0.55 pounds|
|Item Size:||0.6 x 7.81 x 7.81 inches|
|Package Weight:||0.49 pounds|
|Package Size:||5.28 x 0.71 x 0.71 inches|