Social and Behavioral Sciences Commons^™

Capital Flight From Sub-Saharan African Countries: Updated Estimates, 1970 - 2010, James K. Boyce, Léonce Ndikumana

James K. Boyce

The performance of Sub-Saharan African economies over the past decade has inspired optimism on the region’s prospects. But the region still faces major development challenges, and it is now clear that the majority of its countries will not achieve key millennium development goals.

A key constraint to SSA’s growth and development is the shortage of financing. At the same time, the sub-region is a source of large-scale capital flight, which escalated during last decade even as the region experienced growth acceleration. The group of 33 SSA countries covered by this report has lost a total of $814 billion dollars from …

Comment On Khan, Li And Weisbrot (Thomas Weisskopf Festschrift Conference Paper), James K. Boyce

James K. Boyce

Boyce comments on Shahrukh Khan's " The Military and Economic Development in Pakistan, Minqi Li's "Socialism: The 20th Century and the 21st Century" and Mark Weisbrot's "Economic Growth: The Great Slowdown (1980-2000) and Recovery (2000-2010)." He adds his own thoughts on the theme running through these papers: the need to take the role of the state, both in terms of state control over the means of production and resource allocation, but also about the core issue of control over the state itself. This means engaging, as Khan, Li and Weisbrot do, with the historic struggle to build and sustain real …

Capital Flight From North African Countries, Léonce Ndikumana, James K. Boyce

James K. Boyce

Ndikumana and Boyce demonstrate that, while the countries of North Africa have achieved high levels of development relative to their sister nations south of the Sahara, they too have suffered from financial hemorrhages through capital flight. The burden on their economies is substantial in terms of lost investment and foregone government revenue, with adverse effects on economic growth and social service delivery. The authors provide estimates of the total amount of capital flight from four North African countries: Algeria, Egypt, Morocco and Tunisia, from 1970 to 2010.

Cooling The Planet, Clearing The Air: Climate Policy, Carbon Pricing, And Co-Benefits, James K. Boyce, Manuel Pastor

James K. Boyce

Policies to reduce carbon dioxide emissions can yield substantial co-benefits via reduced emissions of co-pollutants such as particulate matter, nitrogen oxides, and air toxics. Valuation studies suggest that these benefits may be comparable in magnitude to the value of reduced carbon emissions. However, co-pollutant intensity (the ratio of co-benefits to carbon dioxide emissions) varies across pollution sources, and so efficient policy design would seek greater emissions reductions where co-benefits are higher. Moreover, because co-pollutant impacts are localized, the distribution of co-benefits raises important issues of equity, particularly with regard to the unintentional income, racial, and geographic disparities that might result …