Sunday, December 13, 2015
A Look At Where The World's 'Hot Money' Comes From
Zero Hedge: Visualizing The World's "Hot" Money
Every year, roughly $1 trillion flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion. This amount is more than these countries receive in foreign direct investment and foreign aid combined.
This week, a new report was released that highlights the latest data available on this “hot” money. Assembled by Global Financial Integrity, a research and advisory organization based in Washington, DC, the report details illicit financial flows of money from developing countries using the latest information available, which is up until the end of 2013.
WNU Editor: The numbers from Russia and China do not surprise me, and those from Mexico have more to do with its expatriate population in the U.S.. But Malaysia?!?!?!
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