Issues arising from pooling resources and integrating economies
Integrating Africa is the AfDB Group’s blog on regional integration in Africa. It chronicles the issues arising from African countries’ efforts as they work to pool resources and integrate their economies for the development of their regional and individual economies. Read More
Alex Cobham is an economist and director of research at the Tax Justice Network, and a visiting fellow at King's College London. He was previously head of research at Save the Children UK, chief policy adviser at Christian Aid, supernumerary fellow in economics at St Anne's College, Oxford, and a researcher at Queen Elizabeth House (the University of Oxford's Department of International Development). His work deals mainly with inequality, taxation and illicit financial flows. He blogs at uncounted.org and tweets @alexcobham.
The African Development Bank estimates that illicit financial flows have drained in excess of a trillion dollars from Africa since 1980. These flows undermine the tax base, damage political institutions and exacerbate inequality. With major momentum behind global counter-measures, there are clear opportunities for progress at the regional level – including through stronger information exchange and cooperation, tax base harmonization and innovative uses of trade data.