Solutions: Debts and Illicit financial flows, my perspective for Anglophone Africa Radio Presenters and Managers
The illicit financial flows that serve as by-product of capitalism or free market concept have distributive or ripple and networking effects on other conditions that threaten the welfare gains of the continent of Africa. Although, the concept has some advantages, as to encourage Multinational Enterprises or private sectors, national and international non-governmental organizations and International Intergovernmental Organizations that contribute largely to economic and financial growth, conflict prevention and many more which the traditional structures of States may not be able to achieve alone in the international arena. The cost of illicit financial flows or the loss from capital flights and the subsequent overwhelming debts to GDP ratios have immense challenges to economic stability that enable governments to invest adequately in agricultural research and rural infrastructural development that will facilitate food production and food security and poverty reduction as bei...