Publication:
Illicit Financial Flows and Governance: The Importance of Disaggregation

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dc.contributor.authorReuter, Peter
dc.date.accessioned2017-03-06T22:57:29Z
dc.date.available2017-03-06T22:57:29Z
dc.date.issued2017-01
dc.description.abstractAfter decades of billion dollar scandals around long-serving dictators removing vast fortunes from their impoverished nations, the broader phenomenon of which this is part has acquired a label: Illicit Financial Flows (IFFs). The term encompasses the international transfer of moneys generated by bribery, tax evasion and illegal markets. IFFs have been the object of much attention from high level bodies such as the G20 and G7. The purpose of this Note is to develop a better understanding of the drivers of the phenomenon itself in terms of governance and also of the governance challenge in trying to reduce IFFs. It deals with the distribution of power as a factor in both aspects. The discussion does not examine the drivers or consequences of the activities that generate most IFFs, such as bribery and tax evasion. Thus a statement that IFFs from criminal earnings does not affect development institutions is not a statement about the adverse effects of a large criminal sector, which may indeed have very serious economic and development consequences. The paper deals only briefly with the contested issues of definition and measurement. This paper has been relentlessly speculative that reflects the state of understanding of the IFF phenomenon. For reform efforts, a good understanding of the governance issues and the obstacles to aligning the interests and capacities of the many participants is crucial.en
dc.identifierhttp://documents.worldbank.org/curated/en/538841487847427218/World-development-report-2017-Illicit-financial-flows-and-governance-the-importance-of-disaggregation
dc.identifier.doi10.1596/26210
dc.identifier.urihttps://hdl.handle.net/10986/26210
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesWorld Development Report Background Paper;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINANCE
dc.subjectMARKET
dc.subjectDEVELOPMENT
dc.subjectMONEY
dc.subjectCASH
dc.subjectILLEGAL
dc.subjectBRIBERY
dc.subjectgovernance
dc.subjectillicit finance
dc.subjectmoney laundering
dc.subjecttax evasion
dc.subjectcorruption
dc.titleIllicit Financial Flows and Governanceen
dc.title.subtitleThe Importance of Disaggregationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleIllicit Financial Flows and Governance
okr.date.disclosure2017-02-23
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/538841487847427218/World-development-report-2017-Illicit-financial-flows-and-governance-the-importance-of-disaggregation
okr.guid538841487847427218
okr.identifier.doi10.1596/26210
okr.identifier.externaldocumentum090224b084979b25_1_0
okr.identifier.internaldocumentum27217143
okr.identifier.report112973
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/538841487847427218/pdf/112973-WP-PUBLIC-WDR17BPIllicitFinancialFlows.pdfen
okr.topicPublic Sector Development::Public Sector Corruption/Anticorruption Measures
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicGovernance::Governance and the Financial Sector
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.unitWorld Development Report (DECWD)
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