Exploring the relationship between tourism and offshore finance in small island economies: lessons from Jersey

Christensen, J. and Hampton, M.P. (2005) Exploring the relationship between tourism and offshore finance in small island economies: lessons from Jersey. Working paper. Kent Business School, University of Kent, Canterbury (Full text available)

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Abstract

Many islands host tourism and offshore finance but research tends to focus on either industry without examining the nature of the relationship(s) between these two where they co-exist. This paper examines the nature of the relationships using a case study of the British Channel Island of Jersey. Both industries demand labour, land and capital that are frequently scarce in small islands. Given their common characteristics and, drawing lessons from Jersey, the paper then considers the nature and the dynamics of their relationship, and the issue of resource competition between the two sectors. In light of the unusual context of small polities and the political power of external actors, the paper also analyses the dynamics of the central relationship between tourism, offshore finance and the state in islands. Finally, the paper considers the overall impact of the relationship between tourism and offshore finance and how it affects the economic development trajectory of small islands.

Item Type: Monograph (Working paper)
Uncontrolled keywords: Tax havens; island tourism; island development
Subjects: G Geography. Anthropology. Recreation > GV Recreation Leisure
H Social Sciences > HG Finance
H Social Sciences > HB Economic Theory
J Political Science > JC Political theory
H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: Mark Hampton
Date Deposited: 04 Nov 2009 14:45
Last Modified: 06 Sep 2011 04:32
Resource URI: http://kar.kent.ac.uk/id/eprint/23115 (The current URI for this page, for reference purposes)
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