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

Hampton, Mark 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. (doi:10.1016/0305-750x(94)90073-6) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:23056)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL:
https://doi.org/10.1016/0305-750x(94)90073-6

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
DOI/Identification number: 10.1016/0305-750x(94)90073-6
Subjects: H Social Sciences > HG Finance
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Divisions: Divisions > Kent Business School - Division > Department of Leadership and Management
Depositing User: Mark Hampton
Date Deposited: 06 Nov 2009 14:53 UTC
Last Modified: 09 Mar 2023 11:32 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/23056 (The current URI for this page, for reference purposes)

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