draining development.pdf - Khazar University

Introduction and Overview: The Dynamics of Illicit Flows 177. Leaders’ Statement, G-20 Pittsburgh Summit, September 24–25, 2009,paragraphs 22 and 42, http://www.g20.org/Documents/pittsburgh_summit_leaders_statement_250909.pdf.8. See “Final Report from the Task Force on the Development Impact of IllicitFinancial Flows” at http://www.leadinggroup.org/IMG/pdf_Final_report_Task_Force_EN.pdf.9 . Wall Street Journal, 2009, “Tax Havens Pledge to Ease Secrecy Laws,” March 13,http://online.wsj.com/article/SB123685028900906181.html.10. A typical definition of illicit, presented at dictionary.com, shows two meanings.“1. not legally permitted or authorized; unlicensed; unlawful,” and “2. disapprovedof or not permitted for moral or ethical reasons.” See http://dictionary.reference.com/browse/illicit.11. See Financial Action Task Force, Paris, http://www.fatf-gafi.org/.ReferencesBaker, R. W. 2005. Capitalism’s Achilles Heel: Dirty Money and How to Renew the Free-Market System. Hoboken, NJ: John Wiley & Sons.Chen, L., and G. Pansey. 2011. “Capital Flight Accompanies Corruption in China,Bank Warns.” EpochTimes, June 25. http://www.theepochtimes.com/n2/china/capital-flight-accompanies-corruption-in-china-bank-warns-57712.html.Development Committee (Joint Ministerial Committee of the Boards of Governorsof the Bank and the Fund on the Transfer of Real Resources to DevelopingCountries). 2010. “Strengthening Governance and Accountability Review,Results, and Roadmap.” Report DC2010–0007, April 21. http://siteresources.worldbank.org/DEVCOMMINT/Documentation/22553919/DC2010-0007%28E%2 9Governance.pdf.FitzGerald, V. 2010. “International Tax Cooperation and International DevelopmentFinance.” Paper prepared for the 2010 World Economic and Social Survey,United Nations Department of Economic and Social Affairs, New York. http://www.un.org/esa/analysis/wess/wess2010workshop/wess2010_fitzgerald.pdf.Kapoor, S. 2007. “Haemorrhaging Money: A Christian Aid Briefing on the Problemof Illicit Capital Flight.” Christian Aid, London.Kar, D., and D. Cartwright-Smith. 2008. “Illicit Financial Flows from DevelopingCountries, 2002–2006.” Global Financial Integrity, Washington, DC. http://www. gfip.org/storage/gfip/economist%20-%20final%20version%201-2-09.pdf.———. 2010. “Illicit Financial Flows from Africa: Hidden Resource for Development.”Global Financial Integrity, Washington, DC. http://www.gfip.org/storage/gfip/documents/reports/gfi_africareport_web.pdf.Kilmer, B., and R. Pacula. 2009. “Estimating the Size of the Global Drug Market: ADemand-Side Approach.” In A Report on Global Illicit Drug Markets, 1998–2007,ed. P. Reuter and F. Trautmann, 99–156. Brussels: European Commission.