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Edited by Peter Reuter
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A growing concern among those interested in economic development is the
realization that hundreds of billions of dollars are illicitly flowing
out of developing countries to tax havens and other financial centers
in the developed world. This volume assesses the dynamics of these
flows, much of which is from corruption and tax evasion. What causes
them, what are their consequences and how might they be controlled? The
chapters by authors from a variety of backgrounds, including
criminologists and practicing lawyers as well as economists, examine
many dimensions of the phenomenon. For example, one chapter examines
the political economy of the issue; to what extent is this the
consequence of a more general failure of governance, so that it is more
a manifestation of government weakness or can it be identified with a
few specific features? Two other chapters examine major illegal markets
(drug trafficking and human smuggling) to assess how they contribute to
these flows. Other chapters are concerned with the corporate role in
the phenomenon, particularly the possibility that transfer pricing (in
which firms set prices for international trade among wholly owned
affiliates) might play a major role in moving money illicitly.
'Draining Development?' serves as the cornerstone of much needed attention and discourse on this subject..
— The Journal of International Affairs
- Shipping Weight: 1.6 lbs (0.73 kgs)
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