New Estimates of Capital Flight from Sub-Saharan African Countries: Linkages with External Borrowing and Policy Options

@inproceedings{Ndikumana2008NewEO,
  title={New Estimates of Capital Flight from Sub-Saharan African Countries: Linkages with External Borrowing and Policy Options},
  author={L{\'e}once Ndikumana and James K Boyce},
  year={2008}
}
We are grateful to the seminar participants for valuable comments and suggestions. 1 1. Introduction The analysis of capital flows to and from Africa presents a stunning paradox. On the one hand, African countries are heavily indebted and must make difficult decisions with regard to the allocation of national resources between debt payments and provision of vital social services to their populations. Over the past decades, African countries have been forced by external debt burdens to undertake… CONTINUE READING

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