Raymond Baker was a newly minted Harvard Business School graduate working in Nigeria in the 1960s when he discovered that foreign businesses were nefariously sneaking money out of the country. After years of working in Nigeria and then internationally as businessman and consultant, Baker founded the NGO Global Financial Integrity to fight what he’s termed illicit financial flows out of economies in the developing world.
This is a fascinating conversation about an interesting, though little appreciated aspect of the global fight against corruption. We kick off discussing the problem of illicit financial flows more broadly, and one big cause of this problem more specifically: what he terms “mis-invoicing” by companies. You’ll learn a lot about the history of the fight against global corruption from listening to this episode.