![]() ![]() ![]() Additionally, he is concerned with the impact of financial secrecy, and potentially inequitable tax practices on developing economies and how this facilitates rent-seeking. ![]() Burgis also tackles the much-debated role of China in Africa, as globalisation atomises power to new sites of influence and capital. For example, the impact of the “˜resource curse’, hollowing out the economies of developing countries. ![]() This portrayal of the intersection of business and politics, and its potentially corrupting influence may also explain the paradox of rising GDP growth coupled with increasing inequality – a key problem in the era of “˜Africa Rising’.Įach chapter of The Looting Machine deals with a different country and a particular issue in its political economy, but some main unifying themes stick out. Filled with vignettes on spooks, smugglers and kleptocratic warlords with suitcases of cash, it reads like a crime thriller, while at the same time being a well-researched, accessible account of the extractives industry the privatisation of power in Africa and its impact on the continent’s people. Tom Burgis’ The Looting Machineis a rollercoaster read. ![]()
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