La dette odieuse de l'Afrique
La dette odieuse de l'Afrique
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La dette odieuse de l'Afrique by James Boyce
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 financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa's foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments.
L once 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.James K. Boyce is a senior fellow at the Political Economy Research Center and an emeritus professor of economics at the University of Massachusetts Amherst.
| SKU | Unavailable |
| ISBN 13 | 9782359260229 |
| ISBN 10 | 2359260227 |
| Title | La dette odieuse de l'Afrique |
| Author | Léonce Ndikumana |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Amalion Publishing |
| Year published | 2021-11-20 |
| Number of pages | 208 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |