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| Author: | Roberts, S. M. |
| Title: | Small place, big money: The Cayman Islands and the international financial system |
| Journal: | Economic Geography
1995 : JUL, VOL. 71:3, p. 237-256 |
| Index terms: | CAYMAN ISLANDS OFFSHORE INVESTMENT INTERNATIONAL CAPITAL MOVEMENTS |
| Language: | eng |
| Abstract: | This paper examines the offshore financial center (OFC) of the Cayman Islands in the Caribbean as part of an attempt, on the one hand, to map emerging geographies associated with rapid and far-reaching changes in the international financial system, and, on the other hand, to further a Marxian understanding of how capital increases its flexibility and averts crisis (not unproblematically) through the financial system. Thus, in this paper, the major industries of the offshore sector in the Caymans are outlined and their development presented. I then examine the Cayman Islands' development and operation as an OFC in two wider contexts: first, changes in the practice of international banking, and second, the regional competition between "entrepreneurial islands" for offshore finance. |
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