Title
Africa'S Odious Debts: How Foreign Loans And Capital Flight Bled A Continent (African Arguments)
Processing time: 1-3 days
US Orders Ships in: 3-5 days
International Orders Ships in: 8-12 days
Return Policy: 15-days return on defective items
Payment Option
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 Subsaharan 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.Lonce 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, Debtservice 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.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the page count of Africa's Odious Debts? A: This book contains one hundred fifty-two pages. It provides a detailed examination of Africa's financial issues.
- Q: What is the binding type of this book? A: The book is published in paperback format. This makes it lightweight and easy to handle.
- Q: Who are the authors of Africa's Odious Debts? A: The book is authored by Léonce Ndikumana and James K. Boyce. They are well-known economists focusing on African economic issues.
- Q: What is the main theme of Africa's Odious Debts? A: The main theme is the relationship between foreign loans and capital flight in Africa. It challenges the perception of Africa as a financial burden.
- Q: Is this book suitable for academic study? A: Yes, this book is suitable for academic study. It offers in-depth analysis backed by data, making it a valuable resource.
- Q: What economic conditions does this book discuss? A: The book discusses the economic conditions of sub-Saharan Africa. It highlights issues like capital flight and debt management.
- Q: How can I use this book for research? A: You can use this book as a reference for economic research on Africa. Its detailed arguments and data provide insights into financial policies.
- Q: Is this book appropriate for beginners in economics? A: Yes, it is appropriate for beginners. The authors explain complex concepts in a way that is accessible to a general audience.
- Q: What are the key arguments made in the book? A: The authors argue that Africa is a net creditor and should repudiate odious debts. They also call for international support in this effort.
- Q: How should I care for this paperback book? A: To care for this book, keep it away from moisture and direct sunlight. Store it upright on a shelf to maintain its shape.
- Q: Is there a warranty or return policy for this book? A: Typically, there is no warranty for books. However, return policies may vary by retailer, so check with the seller.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact the seller immediately. Most retailers will offer a return or exchange.
- Q: Does this book include any references or citations? A: Yes, the book includes references and citations. This adds credibility to the authors' arguments and findings.
- Q: Can this book contribute to my understanding of international finance? A: Yes, it can enhance your understanding of international finance. It discusses how foreign loans impact African economies.
- Q: What is the significance of the title, Africa's Odious Debts? A: The title refers to debts that are considered unjust and not beneficial to the people. It highlights a critical perspective on debt.