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Chapter 1. Entrapment of Africa in an Asymmetrical Global Economy -- Chapter 2. Multinational Corporations and Tax Havens as Beneficiaries of a Shadow Financial System -- Chapter 3. World Bank, IMF and WTO as Agents of Financial Imperialism -- Chapter 4. The Tyranny of the International Credit...
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Using country-to-country data, this paper documents a set of novel stylized facts about the rise of the South in global finance. The paper assembles comprehensive bilateral data on cross-border bank loans and deposits, portfolio investment in debt and equity, foreign direct investment, and...
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