Capital Flight from Africa
Causes, Effects, and Policy Issues
Edited by S. Ibi Ajayi and Leonce Ndikumana
Author Information
S. Ibi Ajayi holds a PhD degree in Economics from Queen's University in Kingston, Ontario, Canada. He is a Professor of Economics and a Distinguished Service Fellow of the Department of Economics, University of Ibadan. Professor Ajayi has consulted for a wide range of international organizations including the World Bank, the International Monetary Fund, the Carnegie Corporation of New York, the World Health Organization, the United Nations Economic Commission for Africa, the United Nation's Development Program, the African Development Bank, the African Economic Research Consortium, the West African Monetary Agency, and ECOWAS. He has published over 120 articles journals, books, and chapters. Professor Ajayi's areas of interest are macroeconomics, monetary economics, public policy issues, and health economics. His main focus is in the areas of African development.
Leonce Ndikumana is Professor of Economics and Director of the African Development Policy Program at the Political Economy Research Institute (PERI) at the University of Massachusetts at Amherst. He is a Member of the United Nations Committee on Development Policy. Leonce Ndikumana has served as Director of Operational Policies and Director of Research at the African Development Bank, Chief of Macroeconomic Analysis at the United Nations Economic Commission for Africa (UNECA), and visiting Professor at the University of Cape Town. He is also an Honorary Professor of Economics at the University of Stellenbosch, South Africa. Professor Ndikumana's research explores issues of external debt and capital flight; financial markets and growth; macroeconomic policies for growth and employment; aid, aid effectiveness and social development; and the economics of conflict and civil wars in Africa. He is co-author of Africa's Odious Debt: How Foreign Loans and Capital Flight Bled a Continent.
Contributors:
Julius Agbor, Africa Growth Initiative, Brookings Institution
Ibi Ajayi, University of Ibadan
Rabah Arezki, International Monetary Fund
Melvin Ayogu, MISTRA
Frank Barry, Trinity College Dublin
James Boyce, University of Massachusetts
Hippolyte Fofack, The World Bank
Folarin Gbadebo-Smith, Center for Public Policy Analysis, Lagos
Niels Hermes, Royal University of Groningen
Abbi Kedir, University of Leicester
Robert Lensink, Royal University of Groningen
Isabella Massa, Overseas Development Institute
Qingwei Meng, African Development Bank
Humphrey P. B. Moshi, University of Dar-es-Salaam
Victor Murinde, African Development Bank
Ameth Saloum Ndiaye, Cheikh Anta Diop University of Dakar
Léonce Ndikumana, University of Massachusetts
Janvier Nkurunziza, UNCTAD
Chris Ochieng, United States International University
Gregoire Rota-Graciozi, International Monetary Fund
Lemma W. Senbet, African Economic Research Consortium and University of Maryland
John Weeks, SOAS, University of London