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This book examines the detrimental impact of illicit financial flows on South Africa's development, political economy, and transformation in the 21st century.
Over the years, illicit financial flows have led to the systematic looting and channelling away of South African resources, yet they are rarely studied by researchers looking to explain the country's underdevelopment and political economy. This book looks across sectors, showing that illicit financial flows cut across all the key pillars of development, frustrating the betterment of peoples' lives in South Africa. Investigating the problem from a decolonial perspective, the book delves deep into the catastrophic impacts of illicit financial flows for people and the economy, discusses how the problem is being combatted, and ultimately suggests solutions for rebuilding social trust between people and the state.
Making an important contribution to the decolonial debate, as well as to discussions of South Africa's political economy, this book will be of interest to researchers across African studies, global development, political science, law and corruption studies.
List of contents
Part 1: Illicit Financial Flows and Political Economy of South Africa 1. Insights into Illicit Financial Flows from South Africa 2. Nexus Between Illicit Financial Flows, Governance and Development in the Republic of South Africa 3. Social and Economic Effects of Illicit Financial Flows in South Africa 4. Illicit Trading in the Mining Sector 5. Under the Radar Illicit Outflows from South Africa 6. Illicit Financial Flows and the Marginalised Population 7. The Political Economy of Tobacco Illicit Trade in South Africa 8. The Civil Society and the Fight Against Illicit Financial Flows in Africa 9. An Institutional and Public Policy Response to Illicit Financial Flows in the Mining Industry of Southern Africa 10. Regional Economic Communities and the Fight Against Corruption in Africa Part 2: Illicit Financial Flows in South Africa: A Reading from an Afro-Decolonial
Perspective 11. Illicit Financial Flows in South Africa 12. Illicit Financial Flows in (South) Africa and the Problem of Meaning 13. Nailing the Devil on The Cross 14. The Nexus Between Illicit Financial Flows and the Recent Downgrade of South Africa's Ratings by Credit Ratings Agencies 15. Reactive Versus Constructive Agency in Combating Illicit Financial Flows from a South African Perspective 16. The Ethics of Power, Illicit Financial Flows and the Right to Development 17. Illicit Financial Flows, State Capture and the Right to Development in South Africa
About the author
Serges Djoyou Kamga is a Professor of Law at the Thabo Mbeki African School of Public and International Affairs, University of South Africa.
Summary
This book examines the detrimental impact of illicit financial flows on South Africa’s development, political economy and transformation in the twenty-first century. It will be of interest to researchers across African Studies, Global Development, Political Science, Law and Corruption Studies.
