How can we stop the illegal outflow of money
from developing countries?

A growing concern among those interested in economic development is the realization that hundreds of billions of dollars are unlawfully flowing out of developing countries to tax havens and other financial centers in the developed world. These flows of illicit money, much of which is generated by corruption and tax evasion, dramatically reduces the effectiveness of foreign aid and robs countries of domestic funds for investment. What causes these massive, illegal outflows from developing countries, what are their consequences, and how might they be controlled?Order Now and Save 30% with coupon code DDEV30

Draining Development? Controlling Flows of Illicit Funds from Developing Countries:

  • provides the first collection of analytic contributions on illicit financial flows
  • assesses what is known about the composition of illicit financial flows, the processes that generate them, and the role of tax havens in facilitating them
  • evaluates the effectiveness of programs aimed at either preventing the flows or locating and recouping them once they have left
  • draws on the expertise of prominent criminologists, lawyers, and economists
  • enriches the understanding of the dynamics of the illicit flows

The volume will be a valuable resource for anyone wishing to better grasp this rapidly growing, but poorly understood, phenomenon.

"This book is a major step in clarifying our thinking, and the insights it offers will become an obligatory reference for anyone interested in the causes and consequences of the illicit flow of funds from developing countries and the options to curb them."

— Moisés Naim, Senior Associate, Carnegie Endowment for International Peace
Author of Illicit: How Smugglers, Traffickers and Copycats
Are Hijacking the Global Economy

"This book is a must for anyone who is interested in development economics and why poor countries continue to stay poor."

— Professor Guttorm Scgjelderup, Chair of the Norwegian
Government Commission on Capital Flight from Poor Countries

For a limited time: SAVE 30% when you order the book online. Simply enter coupon code DDEV30 when checking out to claim your discount. But hurry, the offer is valid only until April 1, 2012.

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