The Offshore World: Sovereign Markets, Virtual Places, And Nomad Millionaires - Softcover

Palan, Ronen

Softcover

ISBN 10: 0801472954 ISBN 13: 9780801472954

Verlag: Cornell University Press, 2006

Inhaltsangabe

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.

Über diesen Titel

Über die Autorin bzw. den Autor

Ronen Palan is Professor of International Relations and Politics at the University of Sussex. He is a coeditor of the Review of International Political Economy, editor of Global Political Economy: Contemporary Theories and coauthor of State Strategies in the Global Political Economy.

Details zur Ausgabe

• Verlag: Cornell University Press
• Erscheinungsdatum: 2006
• Sprache: Englisch
• ISBN 10: 0801472954
• ISBN 13: 9780801472954
• Einband: Taschenbuch
• Anzahl der Seiten: 240
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Mare Nostrum Group B.V.; gpsr@mare-nostrum.co.uk; ; Doelen 72; Breda; 4831 GR; Niederlande