This isn't new, but there are some extraordinary charts in here on the global flow of dirty money.http://www.gfintegrity.org/issue/illicit-financial-flows/ …
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If it's tabloid nonsense, then it's the driest bit of tabloid nonsense of all time.
There are a tonne of problems with these numbers (1) they are measuring errors in trade stats so if trade grows errors will grow
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I'm sure there are issues. They're stats after all. Yet trade misinvoicing *is* used for capital flight, and how else do you measure it?
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They're not really stats. They are results of calculations done on IMF stats which IMF explicitly warn can not be done cos of issue w stats!
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(2) the 'net' figures here aren't really net as they ignore the apparent large illicit inflows which the methodology also generates.
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See https://www.cmi.no/publications/5979-illicit-flows-and-trade-misinvoicing … & (really dry) http://tuprints.ulb.tu-darmstadt.de/5437/ - happy to talk through it (I think u were at Chatham House thing?)
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Errors abound & the methodology varies in practice & has no rigorous. Yet the theft is egregious but OECD aid makes Africa worse. I'm lost,?
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1. OECD aid makes Africa worse. 2. theft is egregious. 3. who’s thieving? 4. measuring theft requires a certain omniscience…
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