Financial Transparency Coalition

In the last few years—and particularly since Vladamir Putin retook power—Russia has increasingly retreated to Cold War tendencies. Russia’s relationship with the United States has soured over its ban on American adoptions of Russian children, a clash over its missile defense problem, and USAID’s democracy promotion efforts. This week, in perhaps the most obvious flashback of all, President Putin announced his nation requires an immediate and massive military upgrade by 2016. And the former KGB agent plans to spend $750 billion over the next seven years to accomplish it. Yet Russia’s existential threat is not from the United States. No,...

Illicit financial inflows and illicit financial outflows must be added together in order to accurately measure the adverse impact of these flows on developing economies, explains Dr. Dev Kar.

Global Financial Integrity Economist Devon Cartwright-Smith analyzes the relationship between illicit financial outflows and illicit financial inflows in developing economies in this two-part series.

Yesterday I posed the question of whether it is wise to subtract evidence of illicit inflows from illicit outflows (which are known to hinder developing country economies), as if one would cancel the other out. If billions of dollars...

Global Financial Integrity Economist Devon Cartwright-Smith analyzes the relationship between illicit financial outflows and illicit financial inflows in developing economies in this two-part series.

When determining the amount of money that flows out of developing countries, a question naturally arises once the calculations are complete: “Why do some of these countries have huge negative outflows?” If outflows are measured as positive figures, negatives must indicate inflows. So are developing countries...