| Description |
1 online resource (381 p.) |
| Contents |
Intro -- Contents -- List of Contributors -- List of Figures -- List of Tables -- 1 Introduction -- Exploitation, Unjust Enrichment, Illicit Transactions, and Wrongful Taking -- The Unjust Value, Plus Damages, Is Initially, Roughly Judged to be 30 Trillion or More -- Measurement -- Conclusion -- Part I Historical Context -- 2 The Slave Trade, Imperialism, Colonialism and Neocolonialism: The Rise of the Western and World Economy, and Unjust Enrichment -- I -- II -- III -- IV -- V -- 3 Wealth Transfer and Long-term Damages-The Case of European Expropriation in East Africa |
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The Global Setting for Wealth Transfer -- Political Economy of the Indian Ocean before and after Mercantilism -- Wealth Transfer and Consequences -- Bibliography -- Part II Who Benefits and How Much-From Wrongful Taking, Illicit Transactions, and Hidden Subsidies? -- 4 Methods of Estimating Trade Misinvoicing: Price-Filter Method, Partner-Country Method, and Modified Partner-Country Method -- Introduction -- Misinvoicing and Double Invoicing of Merchandise Trade -- Trade Misinvoicing and Capital Transfer -- Double Invoicing and Capital Transfer -- Price-Filter Method (PFM) -- The Method |
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Examples of Misinvoiced US Imports and US Exports -- PFM for Estimation of Misinvoicing and Potential Capital Flight -- Partner-Country Method (PCM) -- The Method -- Examples: The PCM Applied to Individual Countries -- Modified Partner-Country Method -- Gold Doré Export from Peru Revisited -- Relationship Between the Two Methods -- A Modified Partner-Country Method (mPCM) -- Summary and Conclusions -- References -- 5 Income and Wealth-Transfer Effects of Resource Exploitation: A Theory of Indemnities to Africa -- Introduction -- Definitions -- Economists on Reparations |
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Ricardian Rent Theory: The Distributive Shares of Income -- Ricardian Economic Growth Theory -- Henry George and the Single Tax Theory -- The Ricardo-George Rent Analysis as the Basis in Economic Theory for Calculating Economic Reparations -- Conclusion -- 6 Unfair Wealth-Transfer Effects of the Palm Oil Trade in Nigeria 1868-1959: Illustrative Partial Estimates -- Introduction -- I -- II: Modern Development in West Africa and the Palm Oil Trade, 1830-1914 -- III: Four Unfair Enrichments in the Nineteenth Century, -- IV: Unfair Enrichments in the Twentieth Century -- Measuring Injustice |
| Summary |
This book examines qualitatively and quantitatively the exploitation of Africa through six centuries of colonialism and imperialism. The contributions build on previous qualitative analyses. The chapters introduce new ways to measure some of the coerced income and wealth transfers to Europe and North America through systematic underpayments and overcharges. This wealth was wrongfully accumulated using many forms of their abuse of dominance. The book provides estimates that will be helpful to understanding the growing debate on "reparations." This also contributes to rethinking international development assistance policy. It helps establish a basis for improved estimates of the gains from past and current practices that worked against African economic, social, and political institutions and systems. This edited volume showcases a variety of scholars with diverse perspectives and establishes, for the first time, the extent of wrongful benefits and damages from 600 years of international harm to the African continent. Richard F. America is Professor of Practice Emeritus in the McDonough School of Business at Georgetown University, where he taught courses on community reinvestment and investing in Africa. He is the author of numerous books and scholarly articles. His seminal article, What Do You People Want? (Harvard Business Review, 1969), helped set the stage for the ongoing discussion of a form of reparations in the United States. His work in Africa has focused on improving management education, strengthening business schools, and expanding manufacturing as well as community economic development. |
| Notes |
Description based upon print version of record |
| Bibliography |
Bibliography -- 7 Slavery, Production, Financing Structure in the Colonial Times and Reparations-The Case of Suriname -- Abstract -- The participation of the Dutch in the Slave Trade and Slavery -- Financing Structure -- From Hope & Co to ABN-AMRO Bank -- Dutch Triangle Trade and Suriname -- The Rise and the Fall of the Plantation Economy -- Compensations Paid to Ex-Slave Owners -- Suriname After the Collapse of the Plantation Economy -- More Than 300 Years of Human Rights Violations and Damages -- Suriname-Human Rights Abuses-Pain and Suffering-As a Dutch Colony |
| Notes |
Production, Exports and the Plantation Economy |
| Subject |
Colonies -- Africa.
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Imperialism -- Economic aspects -- Africa
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Exploitation -- Economic aspects -- Africa
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| Form |
Electronic book
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| Author |
America, Richard F.
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| ISBN |
9783031328046 |
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3031328043 |
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