Raymond William Baker

Economic development specialist and former businessman Raymond Baker of the Global Financial Integrity (GFI) initiative in Washington DC has long argued that Western economies drain capital from Africa and that aid flows are a fraction of the money Africa has lost through abuses made possible by corrupt payments to local collaborators...

At a conference on illicit financial flows organised by the Global Financial Integrity Programme at the Centre for International Policy on 28 June experts such as the GFI's Raymond Baker John Christiansen of Tax Justice Network and Norway's corruption-busting Judge Eva Joly estimated that over US$600 billion a year flows from developing countries through Western-backed tax havens in corrupt pricing schemes overseen by local politicians and major corporations...

American writer Raymond Baker argues in 'Capitalism's Achilles' Heel' (John Wiley 2005) that there are three main forms of dirty money: criminal money (for example from drug dealing terrorism etc...

The most important ways of shifting capital from Africa are the mispricing schemes identified by Raymond Baker and others...

According to analysts such as US economist Raymond Baker who gave evidence to Britain's All-Party Group Africa's losses from pricing and tax abuses vastly exceed its losses from more prosaic forms of state corruption such as kickbacks and contract inflation...