Article Per Year (5 Year)
p-Index From 2021 - 2026
0
P-Index
This Author published in this journals
All Journal International Journal of Supply Chain Management
Murugan Ramu
Management Studies at Saveetha School of Law, Saveetha Institute of Medical and Technical Sciences, Saveetha University (Deemed to be University), Chennai, Tamilnadu, India.
Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Illicit Financial Flows on Africa’s Democratic Chain Governance Ashok Kumar Katta; Murugan Ramu
International Journal of Supply Chain Management Vol 7, No 5 (2018): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Illicit Financial Flows (IFFs) are a major challenge to Africas democratic governance. They have a direct impact on a countrys stability to raise, retain and mobilize its own resources to finance sustainable economic development. GFI (2017) finds that IFFs remain persistently high. The study finds that over the period between 2005 and 2014, IFFs on average accounted for between 14.1 percent and 24.0 percent of the total developing country trade, while outflows were estimated at 4.6 percent to 7.2 percent of total trade and inflows were between 9.5 percent and 16.8 percent. The problem with IFFs is that they are not only illicit but that their effect spreads far beyond their immediate area of occurrence. Millions of people are affected, economies are weakened, and development is stagnated, while a shady few accumulate wealth and influence. Financial flows are crucial for poor countries and have played an important role in most African countries that have made developmental progress. Since not all financial flows are good for development, the integration of poor countries into the global financial system poses opportunities as well as risks. IFFs usually facilitate most of these risks and have an overall negative impact on African countries.
Co-Authors Ashok Kumar Katta