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Right to Development and Illicit Financial Flows from Africa

Dynamics, Perspectives, and Prospects
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Gerard Emmanuel Kamdem Kamga, Serges Djoyou Kamga, and Arnold Kwesiga explore a relatively new phenomenon, namely referred to as illicit financial flows, that aim to impoverish the African continent and prevent its economic development. There is a direct relationship between illicit financial flows and failed initiatives to realize the right to development on the continent. For instance, in 2016, Africa received $41 billion towards public development while $50 billion left the continent through illicit financial flows. The gap between recent economic achievements on the continent and its state of generalized underdevelopment coupled with rampant poverty, corruption, prolonged economic crisis, and political instabilities signals an issue with resource allocations. The systematic theft of resources by multinational corporations and criminal networks is a hard blow to the idea of people-driven development in line with the Pan African vision of "an integrated, prosperous and peaceful Africa" proclaimed by Agenda 2063. Right to Development and Illicit Financial Flows from Africa: Dynamics, Perspectives, and Prospects provides insights into the dynamics and perspectives on illicit financial flows and its dire impacts on the right to development and development initiatives across the continent.
Gerard Emmanuel Kamdem Kamga is senior lecturer and coordinator at the University of the Free State. Serges Djoyou Kamga is professor and dean of the faculty of law at the University of the Free State. Arnold Kwesiga manages the Business and Human Rights Unit at the Centre for Human Rights at the University of Pretoria.
Covering almost all regions across the African continent, this book meticulously unravels the deleterious effects of Illicit Financial Flows in 'manufacturing underdevelopment' in Africa leading to siphoning of close to $90 billion per year that could have been better used to turn the tide on the elusive development agenda of Africa. This is indeed a timely offering in light of the recent launch of the African Continental Free Trade Area (AfCFTA).--Moorosi Leshoele, University of the Free State
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