The emergence of an offshore economy

Futures

Volumn 30, Issue 1, 1998, Pages 63-73

  Palan, Ronen ^a  

^a UNIVERSITY OF SUSSEX   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

GLOBAL ECONOMY; GLOBALISATION; INTERNATIONAL TRADE; OFFSHORE ECONOMY; POLITICAL CHANGE;

EID: 0031712356     PISSN: 00163287     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0016-3287(98)00006-8     Document Type: Article

References (31)

1. On the 'withering away of the state' see, for instance, Ohmae, K., The Borderless World: Power and Strategy in the Interlinked Economy. Collins, London, 1990. On the advent of a global state, see Shaw, M., The state of globalization. Review of International Political Economy, 1997, 4(3) 497-51 3 and Wilkinson, D., The future of the world state: from civilizations theory to world politics. Paper prepared for presentation at the Annual Meeting of the ISA, London, 28 March-1 April 1989. On Neo-Medeivalism see Anderson, J. and Goodman, J., Regions, states and the European Union: Modernist reaction or postmodern adaptation? Review of International Political Economy 1955, 2(4) 600-631. On regionalism and global politics see Drache, D., Assessing the benefits of Free Trade. In The Political Economy of North American Free Trade, ed. Ricardo Grinspun and Maxwell A. Cameron. Macmillan, Basingstoke, 1993.
2. On the 'withering away of the state' see, for instance, Ohmae, K., The Borderless World: Power and Strategy in the Interlinked Economy. Collins, London, 1990. On the advent of a global state, see Shaw, M., The state of globalization. Review of International Political Economy, 1997, 4(3) 497-51 3 and Wilkinson, D., The future of the world state: from civilizations theory to world politics. Paper prepared for presentation at the Annual Meeting of the ISA, London, 28 March-1 April 1989. On Neo-Medeivalism see Anderson, J. and Goodman, J., Regions, states and the European Union: Modernist reaction or postmodern adaptation? Review of International Political Economy 1955, 2(4) 600-631. On regionalism and global politics see Drache, D., Assessing the benefits of Free Trade. In The Political Economy of North American Free Trade, ed. Ricardo Grinspun and Maxwell A. Cameron. Macmillan, Basingstoke, 1993.
3. On the 'withering away of the state' see, for instance, Ohmae, K., The Borderless World: Power and Strategy in the Interlinked Economy. Collins, London, 1990. On the advent of a global state, see Shaw, M., The state of globalization. Review of International Political Economy, 1997, 4(3) 497-51 3 and Wilkinson, D., The future of the world state: from civilizations theory to world politics. Paper prepared for presentation at the Annual Meeting of the ISA, London, 28 March-1 April 1989. On Neo-Medeivalism see Anderson, J. and Goodman, J., Regions, states and the European Union: Modernist reaction or postmodern adaptation? Review of International Political Economy 1955, 2(4) 600-631. On regionalism and global politics see Drache, D., Assessing the benefits of Free Trade. In The Political Economy of North American Free Trade, ed. Ricardo Grinspun and Maxwell A. Cameron. Macmillan, Basingstoke, 1993.
4. On the 'withering away of the state' see, for instance, Ohmae, K., The Borderless World: Power and Strategy in the Interlinked Economy. Collins, London, 1990. On the advent of a global state, see Shaw, M., The state of globalization. Review of International Political Economy, 1997, 4(3) 497-51 3 and Wilkinson, D., The future of the world state: from civilizations theory to world politics. Paper prepared for presentation at the Annual Meeting of the ISA, London, 28 March-1 April 1989. On Neo-Medeivalism see Anderson, J. and Goodman, J., Regions, states and the European Union: Modernist reaction or postmodern adaptation? Review of International Political Economy 1955, 2(4) 600-631. On regionalism and global politics see Drache, D., Assessing the benefits of Free Trade. In The Political Economy of North American Free Trade, ed. Ricardo Grinspun and Maxwell A. Cameron. Macmillan, Basingstoke, 1993.
5. On the 'withering away of the state' see, for instance, Ohmae, K., The Borderless World: Power and Strategy in the Interlinked Economy. Collins, London, 1990. On the advent of a global state, see Shaw, M., The state of globalization. Review of International Political Economy, 1997, 4(3) 497-51 3 and Wilkinson, D., The future of the world state: from civilizations theory to world politics. Paper prepared for presentation at the Annual Meeting of the ISA, London, 28 March-1 April 1989. On Neo-Medeivalism see Anderson, J. and Goodman, J., Regions, states and the European Union: Modernist reaction or postmodern adaptation? Review of International Political Economy 1955, 2(4) 600-631. On regionalism and global politics see Drache, D., Assessing the benefits of Free Trade. In The Political Economy of North American Free Trade, ed. Ricardo Grinspun and Maxwell A. Cameron. Macmillan, Basingstoke, 1993.
6. The term 'fictitious spaces' was coined by Susan Roberts. See Fictitious capital, fictitious spaces: the geography of offshore financial flows in Corbridge. Corbridge, S., Martin, R. and Thrift, N. eds. In Money Power and Space, Blackwell, Oxford, 1994.
7. See The Changing Role of Telecommunications in the Economy: Globalisation and its Impact on National Telecommunication Policy. The Organisation of Economic Co-operation and Development, Paris, 1995.
8. This is the view of Peter Oppenheimer who directed the Bank of International Settlements' desk on the Euromarket during the early 1960s. See Oppenheimer, P. M., Comment on Aliber, R. Z., Eurodollar: an economic analysis. In Eurodollars and International Banking, ed. P. Savona and G. Sutija. Macmillan, Basingstoke, 1985.
9. For a good and balanced discussion see Higonnet, R. P., Eurobanks, Eurodollars and International Debt. In Eurodollars and International Banking, ed. P. Savona and G. Sutija. Macmillan, Basingstoke, 1985.
10. See Palan, R., Luring buffaloes and the game of industrial subsidies: a critique of national competitive policies in the era of the competition state mandatory changes. Global Society, 1988, 12, 3, forthcoming.
11. For an influential and still possibly the best book on the subject see Strange, S., Casino Capitalism. Basil Blackwell, Oxford, 1986.
12. A brilliant if highly controversial exposition of the thesis is in Allen, R. E., Financial Crises and Recession in the Global Economy. Edward Edgar, London, 1995.
13. For a useful insight into the operations of the global casino see: Henderson, H. and Kay, F. A., Introducing competition to the global currency market. Futures 1996, 28, 4.
14. See Gilmore, W.C. (Ed.), International Efforts to Combat Money Laundering. Cambridge Grotius Publications, Cambridge, 1992.
15. Hewson, J.R., Offshore Banking in Australia: consultant's report. In Australian Financial System Inquiry: Commissioned Studies and Selected Studies. Part 2. Macroeconomic Policy: External Policy. Australian Government Publishing Services, Canberra, 1982, p. 419.
16. Ginsburg, A.S., Tax Havens. New York Institute of Finance, New York, 1991.
17. Starchild, A., Tax Havens and International Business. Macmillan, London and Basingstoke, 1993, p. 1.
18. Johns, R.A. Tax Havens and Offshore Finance: A Study of Transnational Economic Development. St Martin's Press, New York, 1983, p. 20.
19. See Cassard, M., Offshore banking, international banking IMF Working Paper WP/94/107, 1994.
20. Hines, J. R. and Rice, E. M., Fiscal paradise: foreign tax havens and American business. Quarterly Journal of Economics, 1994, 109(1), 149-182.
21. Johns, R. A., op. cit., ref. 14.
22. The International Transport Workers Federations mission statement, http://www.itf.org.uk, 1996.
23. Morris, J., 'Flags of convenience' give owners a paper refuge. Banners don't always represent a nation -and they can mean a way around shipping regulations. The Houston Chronicle, 1996.
24. Morris, ibid.
25. OECD, op. cit., ref. 3, p. 29.
26. Rose, H. Euromarkets, their uses. Financial Times, 24 November 1995.
27. See McMichael, P., Development and Social Change: A Global Perspective. Pine Forge, Thousand Oaks, 1996; and Palan, R. and Abbott, J., State Strategies in the Global Political Economy. Pinter, London, 1996.
28. See McMichael, P., Development and Social Change: A Global Perspective. Pine Forge, Thousand Oaks, 1996; and Palan, R. and Abbott, J., State Strategies in the Global Political Economy. Pinter, London, 1996.
29. Aliber, R. Z., The International Money Game. Macmillan, London and Basingstoke, 1976, p. 114.
30. Johns, R.A., op. cit., ref. 14, p. 6.
31. See Sinclair, T., Passing judgement: credit rating processes as regulatory mechanisms of govrnance in the emerging world order. Review of International Political Economy 1994, 1(1), 133-160.