overview

  1. Describe the trend in capital flows to the developing world between 2000 and 2014 (refer to data and years in your answer)
 
 

DEFINITIONS

debt (dɛt)

a sum of money that is owed or due.

capital

wealth in the form of money or other assets owned by a person or organisation or available for a purpose such as starting a company or investing.

remittance
a sum of money sent in payment or as a gift.

loan

a sum of money that is expected to be paid back with interest.
"borrowers can take out a loan for £84,000"

 

repatriation of profits

the process of converting profits from one foreign currency into the currency of one's own country.

 

development aid

Development aid (also development assistance, technical assistance, international aid, overseas aid, official development assistance (ODA), or foreign aid) is financial aid given by governments and other agencies to support the economic, environmental, social, and political development of developing countries.

 
 
 

REMITTANCES

 
 
 

SWIFT INTERNATIONAL BANKING SYSTEM

Iranian banks stopped from using SWIFT system

 

repatriation of profits

Rüschlikon is a village in Switzerland with a very low tax rate and very wealthy residents. But it receives more tax revenue than it can use. This is largely thanks to one resident - Ivan Glasenberg, CEO of Glencore, whose copper mines in Zambia are not generating a large bounty tax revenue for the Zambians.

Zambia has the 3rd largest copper reserves in the world, but 60% of the population live on less than $1 a day and 80% are unemployed. Based on original research into public documents, the film describes the tax system employed by multinational companies in Africa.