Are Illicit Financial Flows Draining Development?
Yes, but not necessarily in the way most people think. Peter Reuter addressed this question at the Center for Global Development last week based on research in Draining Development? Controlling Flows of Illicit Funds from Developing Countries – a volume that he edited for the World Bank. It is clearly the most thorough assessment to date in assessing the channels by which illicit flows affect development.
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