Illicit Financial Flows from Developing Countries now around $1 trillion a year

According to a new paper from the Global Financial Integrity watchdog. The paper defines illicit financial flows as ‘the proceeds from both illicit activities such as corruption (bribery and embezzlement of national wealth), criminal activity, and the proceeds of licit business that become illicit when transported across borders in contravention of applicable laws and regulatory frameworks (most…

By admin January 14, 2009 2

Cuba beats USA again, this time on child welfare

I’m no apologist for the Cuban government, but it’s noteworthy that despite its much lower GDP per capita, Cuba keeps beating much richer countries in social and environmental league tables drawn up by some highly respectable NGOs. In the aftermath of Hurricane Katrina, Oxfam America contrasted the carnage in New Orleans with Cuba’s extraordinarily effective…

By admin December 10, 2008 5