Offshore financial centres and internal developments in the Pacific Islands
Date
Authors
van Fossen, Anthony
Journal Title
Journal ISSN
Volume Title
Publisher
Crawford School of Public Policy, The Australian National University
Asia Pacific Press
Asia Pacific Press
Abstract
This paper provides an overview of how hosting offshore financial centres affects the internal development of Pacific island countries. While offshore financial centres have been attractive development options for many regional ?lites, none has become fully functional and the returns have often disappointed the island politicians who sponsored them. While there is some synergy with up-market tourism, construction, and telecommunications, financial centre development has also increased island countries? contacts with criminals, increased their conflicts with metropolitan states and international organisations, and increased their dependence on unstable financial flows.
Description
Keywords
Citation
Collections
Source
Pacific Economic Bulletin, Vol. 17 , No. 1, 2002
Type
Journal article
Book Title
Entity type
Access Statement
License Rights
DOI
Restricted until
Downloads
File
Description