Task Force on Financial Integrity & Economic Development Conference 2011

Synopsis: The Task Force on Financial Integrity and Economic Development, a consortium of governments and research and advocacy organizations, focuses on achieving greater transparency in the global financial system for the benefit of developing countries.
This is a recording of a conference held in Paris from 6-7 October 2011. Global Financial Integrity, a Washington,DC-based think tank and leader of the Task Force, estimates that the amount of money draining illicitly out of developing countries into western economies is approximately $850 billion to $1 trillion a year. These cross-border funds are generated as the proceeds of a) bribery and theft by government officials (about 3 percent of the global total), b) criminal activity such as drug trading and racketeering (comprising some 30 to 35 percent of the global total), and c) commercial tax evasion accomplished primarily through the mispricing of exports and imports (by far the largest component at about 60 to 65 percent of the global total).
Language: English
Country: United States
Year of release: 2011
Year of production: 2011
Subjects: Development studies; Economics; Geography
Keywords: developing countries; economic aid; economic geography; economic issues; financial issues; corruption; criminality; tax evasion

Name: Task Force on Financial Integrity & Economic Transparency
Email: info@financialtaskforce.org
Web: http://www.financialtaskforce.org/about/contact/ External site opens in new window
Phone: +1 (202) 293-0740
Fax: +1 (202) 293-1720
Address: 1319 18th Street NW, Suite 200
Washington, DC 20036
USA

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