Treasure Islands or Fools Gold? Can and Should Small Island Economies copy Jersey?

Hampton, M.P. (1994) Treasure Islands or Fools Gold? Can and Should Small Island Economies copy Jersey? World Development, 22 (2). pp. 237-250. ISSN 0305-750X . (The full text of this publication is not available from this repository)

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Abstract

The Jersey island Offshore Finance Centre (OFC) model may be used for other Small Island Economies (SIEs) wishing to exploit offshore finance as a development option. Although the Jersey model can not be copied precisely by other SIEs, the key factors of political stability, minimal regulation, secrecy, low tax, proximity to a large developed economy and basic communication links could allow certain islands to host OFCs. The benefits of hosting an OFC outweigh the costs, and the increasing global offshore market indicates potential income generation for some OFCs located near the emerging supra-regional blocs.

Item Type: Article
Subjects: H Social Sciences > HG Finance
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: Mark Hampton
Date Deposited: 06 Nov 2009 14:53
Last Modified: 06 Nov 2009 14:53
Resource URI: http://kar.kent.ac.uk/id/eprint/23056 (The current URI for this page, for reference purposes)
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