||0 of 0 people found the following review helpful.| A dictator borrows and flees; should the farmers be left holding the bag?|By Sasha Alyson|In 1919 a kleptocratic dictator in Costa Rica borrowed money from the Royal Bank of Canada, then fled the country as his regime collapsed. (He took the money with him, in case you were wondering.)
The Bank sued the new Costa Rican government to get the loan repaid. William Howa||
"Africa's Odious Debts is a path-breaking book that should be read by every student, professional and policymaker concerned with the causes of the region's underdevelopment. In a masterful, easily comprehendible and professionally thorough manner,
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 peopl...
[PDF.lx13] Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments) Rating: 4.76 (704 Votes)
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