Author : William Vlcek
Publisher : Palgrave MacMillan
Page : 224 pages
File Size : 10,14 MB
Release : 2008-07-11
Category : Business & Economics
ISBN :
The book contributes to wider debates involving globalization, development and international finance with its analysis of the under-researched topic of offshore finance."--BOOK JACKET.
Author : Andrea Binder
Publisher : Oxford University Press
Page : 294 pages
File Size : 21,39 MB
Release : 2023-01-13
Category : Political Science
ISBN : 0192697285
Offshore financial centers such as Luxembourg, the Cayman Islands or the City of London provide non-residents with a legal framework that is strong on property rights and soft on taxation and regulation. Building on a historical-institutionalist comparison of Britain, Germany, Brazil, and Mexico, Offshore Finance and State Power asks how these offshore financial services affect the power of the state. Combining a concept analysis with empirical research, the book finds that economic actors go offshore to create money more than to hide it. Legal offshore banking trumps tax planning or money laundering in its impact on state power. Offshore Finance and State Power also reveals that the relationship between the two is not straightforward. Offshore finance can limit state power by transmitting the volatility of unregulated offshore banking into the domestic economy. Yet, counterintuitively, offshore finance can also enhance state power. It provides governments with an extraterritorial vehicle to cover up political conflicts over how to finance the state and to mitigate class conflict. To which extent a state can put offshore finances at its own service, depends on a country's domestic elite constellation and the tax and bank bargains they have forged throughout history.
Author : Christopher M. Bruner
Publisher : Oxford University Press
Page : 265 pages
File Size : 23,12 MB
Release : 2016
Category : Business & Economics
ISBN : 0190466871
In this book, Bruner canvasses extant theoretical frameworks used to describe and evaluate the roles of small jurisdictions in cross-border finance. He proposes a new conceptual framework that better captures the characteristics, competitive strategies, and market roles of those achieving global dominance in the marketplace - the "market-dominant small jurisdiction" (MDSJ). Bruner identifies the central features giving rise to such jurisdictions' competitive strengths - historical, cultural, and geographical - while reflecting development strategies pursued in light of those circumstances. Through this lens, he evaluates a range of small jurisdictions that have achieved global dominance in specialized areas of cross-border finance, including Bermuda, Dubai, Singapore, Hong Kong, Switzerland, and Delaware.
Author : Ronen Palan
Publisher : Cornell University Press
Page : 252 pages
File Size : 32,97 MB
Release : 2006
Category : Business & Economics
ISBN : 9780801472954
The atlas of contemporary capitalism is curious indeed. A desperately poor and civil-war-wracked nation, Liberia, is the world's shipping superpower; the Cayman Islands the fifth-largest financial center in the world; land-locked Zurich a venerable "offshore" banking center. Indeed, it is estimated that half of the global stock of money passes through tax havens. The logic of the offshore world, where millionaires and corporations roam in search of financial advantage, is slippery. It challenges many conventional assumptions about power and economics.In the single most comprehensive account of the offshore economy, Ronen Palan investigates the legal spaces, unregulated and yet maintained and supported by the state system, that have emerged for purposes of international finance, tax havens, export processing zones, flags of convenience, and e-commerce. The offshore economy had its beginnings in the late nineteenth century, saw early development after the First World War, and metastasized in the 1970s. Palan believes that a rapidly expanding offshore economy is now producing a new market in sovereignty; states have discovered that their rights to write law may be used as a commercial asset. This commercialization of sovereignty, he asserts, undermines the legitimacy of the nation-state and supports a form of nomadic capitalism.
Author : Sarah Hall
Publisher : John Wiley & Sons
Page : 196 pages
File Size : 17,25 MB
Release : 2021-04-19
Category : Science
ISBN : 1119385482
RESPATIALISING FINANCE ‘In Respatialising Finance Sarah Hall uses the internationalisation of the Chinese Renminbi (RMB) to work through a sympathetic conceptual and empirical critique of prevailing analyses of International Financial Centres (IFCs). Her conceptual (re)framing stresses the politics, institutions and economics of IFCs and will be essential reading for all social scientists interested in the dynamism of contemporary finance and financial centres.’ Professor Jane Pollard, Centre for Urban and Regional Development Studies (CURDS), Newcastle University, UK ‘Through detailed study of Chinese RMB internationalisation and combining analytical insights from economic geography, sociology, and international political economy, Sarah Hall shows why offshore networks anchored in territories such as the City of London are both core to global monetary and financial landscapes, and provide a key terrain for state power and politics.’ Professor Paul Langley, Department of Geography, Durham University, UK Respatialising Finance is one of the first detailed empirical studies of how and why London became the leading western financial centre within the wider Chinese economic and political project of internationalising its currency, the renminbi (RMB). This in-depth volume examines how political authorities in both London and Beijing identified the potential value of London’s international financial centre in facilitating and legitimising RMB internationalisation, and how they sought to operationalise this potential through a range of market-making activities. The text features original data from on-the-ground research in London and Beijing conducted with financial and legal professionals working in RMB markets and offers an original theoretical approach that brings economic geography into closer dialogue with international political economy. Recent work on territory illustrates how financial centres are not simply containers and facilitators of global financial flows – rather they serve as territorial fixes within the dynamic and crisis-prone nature of global finance.
Author : Christopher Brendan Barrett
Publisher :
Page : 0 pages
File Size : 11,89 MB
Release : 2012
Category : Economic assistance, American
ISBN : 9780415687263
This book chronicles the most essential causes and implications of these trends, which have expanded international food assistance well beyond the simple shipment of donated food aid commodities. We pay particular attention to how these trends shape and are shaped by European Union (EU) and United States (U.S.) food assistance policy and practice, and highlight the principles to which donors can adhere to move international food assistance forward.
Author : Nicholas Shaxson
Publisher : Grove Press
Page : 425 pages
File Size : 12,48 MB
Release : 2019-11-05
Category : Business & Economics
ISBN : 0802146384
An “artfully presented [and] engaging” look at the insidious effects of financialization on our lives and politics by the author of Treasure Islands (The Boston Globe). How didthe banking sector grow from a supporter of business to the biggest business in the world? Financial journalist Nicholas Shaxson takes us on a terrifying journey through the world economy, exposing tax havens, monopolists, megabanks, private equity firms, Eurobond traders, lobbyists, and a menagerie of scoundrels quietly financializing our entire society, hurting both business and individuals. Shaxson shows how we got here, telling the story of how finance re-engineered the global economic order in the last half-century, with the aim not of creating wealth but extracting it from the underlying economy. Under the twin gospels of “national competitiveness” and “shareholder value,” megabanks and financialized corporations have provoked a race to the bottom between states to provide the most subsidized environment for big business, encouraged a brain drain into finance, fostered instability and inequality, and turned a blind eye to the spoils of organized crime. From Ireland to Iowa, he shows the insidious effects of financialization on our politics and on communities who were promised paradise but got poverty wages instead. We need a strong financial system—but when it grows too big it becomes a monster. The Finance Curse is the explosive story of how finance got a stranglehold on society, and reveals how we might release ourselves from its grasp. Revised with new chapters “[Discusses] corrupt financiers in London and New York City, geographically obscure tax havens, the bizarre realm of wealth managers in South Dakota, a ravaged newspaper in New Jersey, and a shattered farm economy in Iowa . . . A vivid demonstration of how corruption and greed have become the main organizing principles in the finance industry.” —Kirkus Reviews
Author : Marc Buggeln
Publisher : Cambridge University Press
Page : 337 pages
File Size : 43,79 MB
Release : 2017-02-23
Category : Business & Economics
ISBN : 1107140129
A study of major trends in public finance and fiscal justice in developed capitalist countries since the 1970s.
Author : John Urry
Publisher : John Wiley & Sons
Page : 188 pages
File Size : 46,89 MB
Release : 2014-06-05
Category : Social Science
ISBN : 0745684629
The concealment of income, wealth and profits in tax havens has brought the topic of offshoring into public debate, but as John Urry shows in this important new book offshoring is a much more pervasive feature of contemporary societies. These often secretive activities offshore also involve relations of work, finance, pleasure, waste, energy and security. Powerful and pervasive offshore worlds have been generated, posing huge challenges both for governments and for citizens. This book documents the various patterns of offshoring Ð of the economy, sociability, politics and the environment. In each case, offshoring generates new patterns of power, reduces the responsibilities of the powerful 'offshore class', and limits the conditions for democratic governance. Offshore, out of sight, over the horizon are some of the troubling processes and metaphors by which much life has been rendered opaque and dependent upon secrets and lies. By analysing these patterns and processes, Urry sheds fresh light on the hidden worlds of offshoring and exposes the dark side of globalization. The book concludes by considering whether offshoring can be reversed Ð whether it is possible to bring about the systematic ‘reshoring’ of relations that would be good for democracy and for developing low-carbon futures. Urry portrays the coming century as being poised between even more extreme offshoring and various endeavours to bring back 'home' that which has currently escaped 'over the horizon'.
Author : Silvia Grandi
Publisher : Edward Elgar Publishing
Page : 263 pages
File Size : 42,35 MB
Release : 2019-12-27
Category : Business & Economics
ISBN : 1789903858
This edited collection explores the boundaries between political and financial geographies, focusing on the linkages between the changing strategies, policies and institutions of the state. It also investigates banks and other financial institutions affected by both state policies and a globalizing financial system, and the financial resources available to firms as well as households. In so doing, the book highlights how an empirical focus on the semi-periphery of the financial system may generate new perspectives on the entanglement between (geo) politics and finance.
