The Offshore World

Sovereign Markets, Virtual Places, and Nomad Millionaires

Ronen Palan

226 pages, parution le 30/06/2003

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Résumé

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 authority to create 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.

Introduction
The Offshore Economy in Its Contemporary Settings
State, Capital, and the Production of Offshore
The Emergence of Embryonic Forms of Offshore
The Growth of an Offshore Economy
Offshore and the Internationalization of the State
Offshore and the Demise of the Nation-State
Numerical Organizations, Nomadic Spaces, and
Modern Capitalism
Conclusion
Notes
References
Index

L'auteur - Ronen Palan

Ronen Palan est professeur de relations internationales et chercheur au Centre for Global Political Economy à l'université de Sussex. Il est cofondateur de la Review of International Political Economy.

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Cornell University Press
Auteur(s)	Ronen Palan
Parution	30/06/2003
Nb. de pages	226
Format	15,5 x 23,5
Couverture	Relié
Poids	480g
Intérieur	Noir et Blanc
EAN13	9780801440557
ISBN13	978-0-8014-4055-7