Microstates and Offshore Finance: the Political Economy of Vulnerability
Offshore Finance Centres (OFCs) have proliferated since the 1960s and many small jurisdictions and microstates around the world now host OFCs as part of the increasing globalisation of financial capital. This paper argues that microstates are becoming increasing vulnerable to forces outside of their control resulting in transit crime such as money laundering and flows of illegal flight capital.
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|Date of creation:||1999|
|Date of revision:|
|Contact details of provider:|| Postal: U.K.; University of Portsmouth; Department of Economics, Locksway Road, Milton, Southsea Hants PO4 8JF, UK|
Phone: 44 (0)1705 844082
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Web page: http://www.pbs.port.ac.uk/econ/index.html
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