Introduction: The Pernicious Nexus Between Capital Flight and Natural Resources in Africa

Léonce Ndikumana ()
Additional contact information
Léonce Ndikumana: University of Massachusetts Amherst, Department of Economics and Political Economy Research Institute (PERI)

Chapter 1 in Capital Flight from Cameroon, Ghana, and Zambia, 2026, pp 1-16 from Springer

Abstract: Abstract This chapter introduces the book, whose aim is to present the findings from case studies on Cameroon, Ghana, and Zambia, three countries that have experienced high capital flight and are highly endowed in natural resources. Chapter 2 presents the estimates of capital flight from Cameroon, Ghana, and Zambia from 1970 to 2022 and discusses the key drivers of the phenomenon. Chapter 3 presents the historical context of the development of the gold sector in Ghana and examines the contribution of the sector to the economy and its exposure to capital flight. Chapter 4 presents a case study of the cocoa sector in Ghana with an emphasis on the industrial organization and fiscal regime that governs the sector and how it may shield it from capital flight. Chapter 5 presents a case study of Zambia’s mining sector, exploring the reasons why Zambia’s vast endowment in mineral resources has not propelled the country to higher levels of living standards. Chapter 6 investigates mineral export misinvoicing as a channel of capital flight from Zambia, with a focus on copper, gold, and gemstones. Chapter 7 presents a case study of Cameroon with a focus on the institutional and regulatory arrangements governing the sector to shed light on the causes of the country’s failure to leverage its potential considering its impressive resource endowment. Chapter 8 concludes the book by offering some policy options for combatting capital flight and disabling the pernicious links between capital flight and natural resource exploitation in Africa.

Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-22770-6_1

Ordering information: This item can be ordered from
http://www.springer.com/9783032227706

DOI: 10.1007/978-3-032-22770-6_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().