Russia’s illicit outflows were 8.3% of GDP (1994-2012); Illicit outflows from Mexico (1970-2012) and the Philippines (1960-2012) were 4.5% of GDP. $682.2 billion drained illicitly out of India 1948-2012; $561.7 billion leaked out of Brazil 1960-2012.
Dr. Thomas Pogge, Leitner Professor of Philosophy and International Affairs at Yale University, calls illicit financial outflows a drag on human rights realization in developing countries. Erik Solheim, the OECD’s Development Assistance Committee chair, considers the links between IFFs and development
This book is dedicated to all those who suffer the indignities of poverty due to illicit financial flows.
The book features five condensed and updated quantitative country studies on illicit financial flows (IFFs) from India, Mexico, Russia, the Philippines, and Brazil by GFI Chief Economist Dr. Dev Kar, as well as chapters written by GFI President Raymond Baker and Managing Director Tom Cardamone. Dr. Thomas Pogge, Leitner Professor of Philosophy and International Affairs at Yale University, writes on the human rights impact of illicit financial flows. The relationship between illicit flows and development is considered by Erik Solheim, the chair of the OECD’s Development Assistance Committee.
