With the sanctions that were placed on Russia in the aftermath of the Ukraine crisis, flight capital
is on the up -- some $45-50 billion has been moved out of Russia since January.
Civil wars, terrorism (Boko Haram in Nigeria, Al Shabab in Kenya and Lords Army in Uganda are only the tip of the iceberg), corruption, power shortages, colonial ties to Paris and London, flight capital
, ethnic conflicts, dependence on volatile commodities exports, 53 national borders (the African Union is nothing like the European Union
In addition, flight capital
would flood back into the country very quickly.
I believe New York will retain its status as a haven for flight capital
from around the globe," continued Warburg.
Ribadu claimed that as a result of the zero-tolerance attitude of his organisation, there was a huge drop in the volume of flight capital
from Nigeria and several prominent businessmen had re-exported millions of dollars back home rather than face the wrath of the anti-corruption squad.
Goldman Sachs estimates $50 billion in flight capital
has fled Russia since the onset of the Ukraine crisis and the rouble has plummeted to near 37 against the US dollar.
Fly Gibraltar is the latest budget price airline to announce that it will be flying from what is fast becoming regarded as the low-cost flight capital
also goes beyond focus on American impact to consider world trends and world impact in foreign nations, examining the initiatives other countries use to lure top talent away from the US, and how our own immigration restrictions have affected replacement efforts.
Monetary policy is to attempt to contain the effects on prices of the devaluation and to encourage the return of flight capital
through complementary measures.
Monetary and credit policies under the programme are designed to preserve the gains of competitiveness brought about by the devaluation, to encourage the return of flight capital
and to build up foreign reserves.
This will restrict flight capital
from Africa and other developing regions, and could well prompt capital outflows from the billions of dollars held in Swiss bank accounts.
Greater attention should probably be given to domestic, smaller scale investment which may be financed in part by the return of flight capital
," it says.