ACAS Bulletin

(No. 87)
by Association of Concerned Africa Scholars
with William Minter (Editor), Timothy Scarnecchia (Editor), LĂ©once Ndikumana (Special Bulletin Editor), James Boyce (Special Bulletin Editor)
Fall 2012
65 pages
Contents: Introduction by William Minter and Timothy Scarnecchia • Rich Presidents of Poor Nations: Capital Flight from Resource-Rich Countries in Africa by Léonce Ndikumana and James K. Boyce • Macroeconomic Impact of Capital Flows in Sub-Saharan African Countries, 1980-2008 by John Weeks • Illicit Financial Flows: A Constraint on Poverty Reduction in Africa by Janvier D. Nkurunziza • The Paradox of Capital Flight from a Capital-Starved Continent by Elizabeth Asiedu, John Nana Francois, and Akwasi Nti-Addae • Stolen Asset Recovery: The Need for a Global Effort by Hippolyte Fofack • Debt Audits and the Repudiation of Odious Debts by James K. Boyce and Léonce Ndikumana • The Benefits of Country-by-Country Reporting by Richard Murphy • Africa’s Lost Tax Revenue John Christensen Africa’s Lost Tax Revenue by John Christensen • Tax Havens: An Emerging Challenge to Africa’s Development Financing by Nicholas Shaxson • Plundering a Continent by Raymond Baker • Information Resources on Capital Losses and Related Issues by William Minter • The newsletter discusses oil, underdevelopment, per capita GDP, the IMF (International Monetary Fund), lack access to clean drinking water, embezzlement of export revenues by government officials, Joshua Dariye, Plateau State, Diepreye Alamieyeseigha, Bayelsa State, Swiss and Cameroonian authorities, Yves Michel Fotso, Cameroon Airlines, Inge “Collins” Bongo, Mobutu, Zaire, corrupt leaders, democracy, the democratic process, banks, multinational corporations (MNCs), natural resource exploitation, trade, transparency and accountability, the  School of Oriental and African Studies, the national economies in the sub-Saharan African region, mainstream ("neoclassical") economic analysis, the World Bank, UNCTAD (United Nations Conference on Trade and Development), Global Financial Integrity (GFI), the Millennium Development Goals, the Société Générale de Surveillance (SGS), the UN Office on Drugs and Crime (UNODC), FDI (foreign direct investment), the Stolen Asset Recovery (StAR) initiative, Global Witness, the Financial Action Task Force (FATF), OECD (Organization for Economic Co-operation and Development), debts, the Jubilee Movement, the SEC, the International Accounting Standards Board, corporate social responsibility (CSR), small and medium enterprises (SMEs), revenue taxes, Christian Aid, Action Aid, the G20 countries, the so-called Tax Information Exchange Agreements (TIEAs), and Global Financial Integrity. [Note: This issue was published electronically, not as a printed document.]
Used by permission of several co-chairs of the Association of Concerned Africa Scholars.