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Looking for Plan B: What next for island hosts of offshore finance?

Hampton, Mark P., Christensen, John (2011) Looking for Plan B: What next for island hosts of offshore finance? Round Table: Commonwealth Journal of International Affairs, 100 (413). pp. 169-181. ISSN 1474-029X. (doi:10.1080/00358533.2011.565629) (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:27741)

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:
http://dx.doi.org/10.1080/00358533.2011.565629

Abstract

This paper examines offshore finance centres and tax havens that are hosted by small island economies (SIEs). In many cases, hosting offshore finance has been a lucrative activity for SIEs since the 1960s in terms of employment (direct and indirect), and overall contribution to GDP and government revenues (Hampton and Christensen, 2002). Despite the scale and reach of the global offshore economy, at present many SIE hosts face an unsettled future in light of significant international pressure from nation states, international organisations such as the EU and OECD and, increasingly, from civil society in both the developed and less developed world.

Given the economic importance of hosting offshore finance for many SIEs around the world, the paper discusses the development options facing many island jurisdictions. The paper poses the fundamental question: what has changed since the major initiatives around the year 2000, and then discusses the situation facing many SIEs hosts, the changing global political economy and their shifting negotiations and alliances within it.

Item Type: Article
DOI/Identification number: 10.1080/00358533.2011.565629
Subjects: H Social Sciences
J Political Science > JN Political institutions and public administration (Europe) > JN101 Great Britain
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HG Finance
H Social Sciences > HB Economic Theory
Divisions: Divisions > Kent Business School - Division > Department of Leadership and Management
Depositing User: Mark Hampton
Date Deposited: 07 Jun 2011 12:32 UTC
Last Modified: 16 Nov 2021 10:06 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/27741 (The current URI for this page, for reference purposes)

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