Kudakwashe Mafigo

Illicit Financial Flows: Trends, Causes, Economic Links and Remedies

Corruption and the Challenge of Economic Transformation in Southern Africa

• Broschiertes Buch

Produktbeschreibung

This book assesses the trends, causes, economic links, and remedies to illicit financial flows (IFFs) in Southern Africa Development Community (SADC). SADC region lost about US$314 billion to illicit financial flows in 10 years to 2013, with South Africa, alone, losing the highest amount of US$209 billion. IFFs deprive the affected countries of appreciable amounts of investment funds, which could otherwise spur economic growth and usefully complement foreign loans and aid payments in funding the public sector programs. In SADC countries, high levels of corruption combined with weak institutions and, sometimes, illegitimate regimes are drivers of such outflows. In assessing the economic impact of illicit financial flows, the author used secondary data from World Development Indicators and Global Financial Integrity for 14 SADC countries. Using panel data estimation techniques, the results suggest that illicit financial flows have a negative impact on GDP. These results collaboratewith previous studies which found that illicit financial flows have a significant impact both on economic growth and development.

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 52
• Erscheinungstermin: 10. Oktober 2019
• Englisch
• Abmessung: 220mm x 150mm x 4mm
• Gewicht: 96g
• ISBN-13: 9786200322326
• ISBN-10: 6200322325
• Artikelnr.: 58056567

Autorenporträt

Kudakwashe Mafigo is an economist by profession. He possesses a wider knowledge and understanding of both macroeconomics and microeconomics, with extensive experience from both public and private sectors, focusing on economic research, policy formulation, analysis, economic modeling as well as lobbying and advocacy.