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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Replying to @OliverBullough @artied
That article is tabloid nonsense. If you want to understand the situation, go there, live there. Keep clear of the Wazungu.
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Replying to @iang_fc @OliverBullough
Really? Which article? The GFI one? & what is "Wazungu"?
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Replying to @artied @OliverBullough
Yes the GFI one. It’s recycled western myth. You and I.
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If it's tabloid nonsense, then it's the driest bit of tabloid nonsense of all time.
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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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Replying to @MForstater @OliverBullough and
(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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will DM
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