Financial Outflows Archives - ROAPE
1996
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Financial Outflows Tag

For years illegal capital flight from South Africa has resulted in a staggering loss of wealth for the country. For roape.net Ben Fine investigates efforts to curb these flows of wealth. He argues that capital flight not only shifts resources elsewhere as is commonly presumed, it also shifts speculation elsewhere – capital flight is financialised....

Action for Southern Africa’s report, The Money Drain: How Trade Misinvoicing and Unjust Debt Undermine Economic and Social Rights in Southern Africa, was recently launched at the Southern African Development Community People’s Summit in Dar es Salaam. For roape.net, the report’s author, Sunit Bagree, outlines some of the actions that the UK government must take in order to end these damaging financial outflows....