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Publications (13)
– Four pieces of advice for policymakers
From profit shifting to sanction evasion, illicit financial flows divert funds away from essential poverty-fighting and infrastructure programs. A growing body of research provides essential insights for policymakers on how to tackle this key development challenge.Illicit financial flows (IFFs) are...
Blog
– The annual profits multinational corporations shift to tax havens continues to climb and climb
About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. This resulted in a 15-point action plan that aimed to curb practices that shielded a large chunk of corporate profits from tax authorities.But, according to our estimates...
The importance of domestic revenue mobilization and taxation for sustainable development is widely acknowledged in global development discussions, but for real change to happen the amounts of development aid and political engagement need to live up to commitments.Key factors of development...
The world has been trying to curb profit shifting to tax havens for a decade, but consistent time series evaluating the impact of these reforms have been largely absent. This column uses a new time series of global profit shifting covering the 1975–19 period to estimate that the fraction of...
Does foreign aid end up in the pockets of elites instead of contributing to inclusive economic development? A recently published journal article offers new evidence of elite capture of World Bank loans by analysing data on bank accounts and shell companies in offshore financial centers. The...
'I say to the Russian oligarchs and the corrupt leaders who bilked billions of dollars off this violent regime: no more… We are coming for your ill-begotten gains.' – Joe Biden at the 1 March 2022, State of the Union Address One way that Western sanctions on Russia are supposed to work is by...
– How tax havens facilitate corruption in the extractive industries
In many countries, news of an oil discovery or the award of an exploration license is rarely greeted with enthusiasm by the general public. Any hopes of widespread development quickly vanish once people realize only a small elite group stands to benefit. Estimates of global foreign bribery suggest...
The literature on Africa’s development abounds in big theories — structural transformation, pro-poor growth, inclusive growth, among others. ‘Growth miracles’ (with or without a question mark) are sought and often proclaimed. The World Bank has even pondered whether Africa can overcome its ongoing...
Blog
The recovery and acceleration of economic growth in sub-Saharan Africa since about 1995 has been widely recognised. But less is known about the extent to which this growth has led to improvements in welfare and poverty reduction in particular. In our recently published, open-access book, we attempt...
Blog
To Stockholm, for Sida’s Development Talks on the theme ‘Africa rising? Poverty and growth in sub-Saharan Africa’. Finn Tarp and Andy McKay spoke about their new UNU-WIDER book, co-edited with Channing Arndt, entitled Growth and Poverty Reduction in Sub-Saharan Africa—the book is on full open access...
The MIT Global Change Forum has gained an international reputation for serious, frank, and informed discussion of global climate change. The Forum meetings provide a non-official, neutral setting for analysis and discussion of science and policy aspects of global change, and for independent...
Blog
25 June 2014 Malokele Nanivazo After a long series of conflicts and apparent macroeconomic mismanagement, the Democratic Republic of Congo (DRC) seems to be breaking from its thorny history. It is implementing a series of economic and political reforms aimed at improving its weak institutions and...
Blog
– An Interview with Andy McKay
25 February 2013 Andy McKay, professor of development economics at University of Sussex, discusses the motivating factors behind UNU-WIDER’s Growth and Poverty Project (GAPP) with Carl-Gustav Lindén, senior communications specialist at UNU-WIDER. In the GAPP project Africa’s growth, poverty and...
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