MGEC32H3 Chapter Notes - Chapter 9: The Bottom Billion, United States House Committee On Oversight And Government Reform, Peer Pressure
16 Apr 2016
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Interventions that are relatively as compared to aid and military intervention: Changes in our own laws that would benefit the bottom billion. Generation of international norms that help to guide behaviour. Rich countries have been a safe haven for the criminals of the bottom billion. Switzerland - in 2000, it came out that a former military dictator from. Nigeria had placed money there before his death & when the nigerian govt pursued the money, the swiss refused to cooperate and in the end were shamed into doing so. If we made the reporting on any potentially corrupt deposits a requirement for banking and if we made the freezing & repatriation of those deposits easier. The central bank has the official responsibility of oversight of the financial sector but this isnt their priority and it needs to get on their agenda. Bribery of public officials in the bottom billion by privste companies in the western world is a major issue.
