External debt and capital flight in Sub-Saharan Africa

the long version

The economic problems afflicting Africa in general are many and varied. Among these, the twin problems of mounting external debt and large-scale capital flight have been at the forefront since at least the 1980s. The papers in this volume analyze these problems for a selected group of sub-Saharan African countries. All the studies were sponsored by the African Economic Research Consortium (AERC) in the period 1989-97. The various analyses of the different countries are brought together here to highlight common themes, and to compare and contrast the experiences of different countries. The issues raised in these papers still remain relevant to the countries today, and indeed apply to many other African countries as well.