Hampton, M.P. and Christensen, J. (2011) Looking for Plan B: What next for island hosts of offshore finance? The Round Table: The Commonwealth Journal of International Affairs, 100 (413). pp. 169-181. ISSN 0035-8533 1474-029X.
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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.
|Subjects:||H Social Sciences
J Political Science > JN Political institutions (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:||Faculties > Social Sciences > Kent Business School|
|Depositing User:||Mark Hampton|
|Date Deposited:||07 Jun 2011 12:32|
|Last Modified:||11 Nov 2011 16:50|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/27741 (The current URI for this page, for reference purposes)|
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