Africa s Odious Debts

Author: Professor Léonce Ndikumana
Publisher: Zed Books Ltd.
ISBN: 1780321465
Format: PDF
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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. 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.

Capital Flight from Africa

Author: S. Ibi Ajayi
Publisher: Oxford University Press, USA
ISBN: 0198718551
Format: PDF, Mobi
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A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows.

Everyday Corruption and the State

Author: Giorgio Blundo
Publisher: Zed Books Ltd.
ISBN: 1848136641
Format: PDF, ePub
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Daily life in Africa is governed by the 'petty' corruption of public officials in services such as health, transport, or the judicial system. This remarkable study of everyday corruption in three African countries investigates the reasons for its extraordinary prevalence. The authors construct an illuminating analytical framework around the various forms of corruption, the corruptive strategies public officials resort to, and how these forms and strategies have become embedded in daily administrative practices. They investigate the roots of the system in the growing inability of weakened states in Africa to either reward their employees adequately or to deliver expected services. They conclude that corruption in Africa today is qualitatively different from other parts of the world in its pervasiveness, its legitimations, and its huge impact on the nature of the state.

African Conflicts and Informal Power

Author: Mats Utas
Publisher: Zed Books Ltd.
ISBN: 1848138857
Format: PDF, ePub
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In the aftermath of an armed conflict in Africa, the international community both produces and demands from local partners a variety of blueprints for reconstructing state and society. The aim is to re-formalize the state after what is viewed as a period of fragmentation. In reality, African economies and polities are very much informal in character, with informal actors, including so-called Big Men, often using their positions in the formal structure as a means to reach their own goals. Through a variety of in-depth case studies, including the DRC, Sierra Leone and Liberia, this comprehensive volume shows how important informal political and economic networks are in many of the continent’s conflict areas. Moreover, it demonstrates that without a proper understanding of the impact of these networks, attempts to formalize African states, particularly those emerging from wars, will be in vain.

African Economic Outlook 2012 Promoting Youth Employment

Author: African Development Bank
Publisher: OECD Publishing
ISBN: 926417611X
Format: PDF, ePub, Docs
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This 11th edition of the African Economic Outlook provides coverage of all African countries except Somalia. This edition's focus concerns the promotion of youth employment in Africa.

The Elite Transition

Author: Patrick Bond
Publisher: Pluto Press
ISBN: 9780745310244
Format: PDF, ePub, Docs
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In Elite Transition, Patrick Bond examines the economic and social compromises that have been, and are being, made between the past and present powers in South Africa. A former adviser to the ANC, Bond investigates how groups such as the ANC went from being a force of liberation for all people to a vehicle now perceived as serving the economic interests of an elite few.Bond covers a range of socioeconomic factors under both the old and new South Africa, highlighting the reasons for the transition's 'development' failure and drawing on case studies on key issues: social contracts, black economic empowerment, housing and corporate power. He explores the idea that progressive policymaking is being compromised by the new petit bourgeoisie and ruling elite, and assesses the view that, as change slows down, official policy is increasingly one of lower expectations.

Nigeria Africa and the United States

Author: Olayiwola Abegunrin
Publisher: Lexington Books
ISBN: 149854536X
Format: PDF, Docs
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This book explores US policy in Africa and the challenges facing Nigeria in development, good governance, and security, including the possibilities of US–Nigerian collaboration on issues of global security. This book emphasizes the growing role that Nigeria will play in global security in the twenty-first century as the African regional power.

The Great African Land Grab

Author: Lorenzo Cotula
Publisher: Zed Books Ltd.
ISBN: 1780323123
Format: PDF
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Over the past few years, large-scale land acquisitions in Africa have stoked controversy, making headlines in media reports across the world. Land that only a short time ago seemed of little outside interest is now being sought by international investors to the tune of hundreds of thousands of hectares. Private-sector expectations of higher world food and commodity prices and government concerns about longer-term national food and energy security have both made land a more attractive asset. Dubbed ‘land grabs’ in the media, large-scale land acquisitions have become one of the most talked about and contentious topics amongst those studying, working in or writing about Africa. Some commentators have welcomed this trend as a bearer of new livelihood opportunities. Others have countered by pointing to negative social impacts, including loss of local land rights, threats to local food security and the risk that large-scale investments may marginalize family farming. Lorenzo Cotula, a leading expert in the field, casts a critical eye over the most reliable evidence on this hotly contested topic, examining the implications of land deals in Africa both for its people and for world agriculture and food security.

To Cook a Continent

Author: Nnimmo Bassey
Publisher: Fahamu/Pambazuka
ISBN: 1906387532
Format: PDF, Docs
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Arguing that the climate crisis confronting the world today is rooted mainly in the wealthy economies’ abuse of fossil fuels, indigenous forests, and global commercial agriculture, this important book investigates how Africa has been exploited and how Africans should respond for the good of all. As it examines the oil industry in Africa and probes the causes of global warming, this record warns of its insidious impacts and explores false solutions. Demonstrating that the issues around natural resource exploitation, corporate profiteering, and climate change must be considered together if the planet is to be saved, the book suggests how Africa can overcome the crises of environment and global warming.