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

Hampton, Mark P. and 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. (The full text of this publication is not available from this repository)

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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
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: 07 May 2014 14:52
Resource URI: http://kar.kent.ac.uk/id/eprint/27741 (The current URI for this page, for reference purposes)
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