National Income and Social Accounting.

Africa Is on the Move

“…Indeed, in Phyllis Deane's Colonial Social Accounting, she showed that twothirds of the profits were taken out of Northern Rhodesia (Zambia's name during colonial rule) to pay foreign shareholders, while two-thirds of the remainder went to European workers and the minuscule leftovers went to the vast majority, the African miners. 23 This kind of colonial accountancy continues through the practice of transfer mispricing.…”