Also less talked about reason why poor countries remain poor is money laundering havens like London and the host countries actively sheltering criminals who stole from poor countries
Just to give an example ,Almost all of Pakistani politicians and military personnel at a high level have assets in the UK and send their kids to live there. Not a single one will be deported even if they are found guilty of corruption in pakistan.
How can any poor nation develop when corruption at home is actively aided by rich tax havens
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Non-paywalled link:
https://archive.is/2024.09.19-101626/https://www.economist.com/finance-and-economics/2024/09/19/the-worlds-poorest-countries-have-experienced-a-brutal-decade
Also less talked about reason why poor countries remain poor is money laundering havens like London and the host countries actively sheltering criminals who stole from poor countries
Just to give an example ,Almost all of Pakistani politicians and military personnel at a high level have assets in the UK and send their kids to live there. Not a single one will be deported even if they are found guilty of corruption in pakistan.
How can any poor nation develop when corruption at home is actively aided by rich tax havens