Let’s be very wary of the effects of the Single Story
Adichie Chimamanda warned us about the power of the single story – Africa the poor, starving and clean water deprived continent infested by disease and debt. Is that the Africa we know – who is accruing for what , who is accounting for what – who forecasted what and how dynamic or operational are these figures ? We will not bore you with so much facts but an excerpt from “this is Africa” will share more insight
“the continent haemorrhages $35.3 billion annually through the tax evasion and other dodgy financial flows enabled by tax havens. These tax havens are jurisdictionally linked to the G8 and the European Union and account for 70% of global tax haven investment. The UK has 11 tax havens under its jurisdiction!
Something is seriously wrong in this picture. It’s most often the resource-rich countries that show the most bleeding of finance. One would expect them to be displaying lower levels of poverty, but the opposite tends to be true. Out of one billion of the world’s poorest people, 33% live in resource rich countries. Which explains why 75% of the dozen countries at the bottom of the Human Development Index (HDI) are rich in natural resources.