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Offshore: The State as Legal Fiction

In: Offshore Finance Centres and Tax Havens

Author

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  • Sol Picciotto

Abstract

Recent debates on globalisation have moved on from the rather sterile question ‘Is the nation state dead?’ to the more fruitful one, ‘How is statehood changing?’ This recognises that there may now be greater potential for more immediate interconnection and interaction between events, activities and transactions across the world, due to reduction or removal of many barriers to cross-border flows, as well as the development of real-time electronic communications. But, far from automatically dissolving local particularities into a globally unified or homogenised unity, this interconnectivity creates greater awareness of diversity and difference. The shift in the debate also recognises that, ever since the emergence of a capitalist world economy, statehood has taken the form of interdependent states. Although globalisation is not new, it can be seen to have entered a new stage, and the changes in the form and functions of the state are intertwined with changes in the scope and scale of power in the world system. This means that global changes are not an inexorable economic process: they also involve the remodelling of the form and functions of statehood, including the forms of interdependence.

Suggested Citation

  • Sol Picciotto, 1999. "Offshore: The State as Legal Fiction," Palgrave Macmillan Books, in: Mark P. Hampton & Jason P. Abbott (ed.), Offshore Finance Centres and Tax Havens, chapter 3, pages 43-79, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14752-6_3
    DOI: 10.1007/978-1-349-14752-6_3
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    Cited by:

    1. John Christensen & Mark Hampton, 2005. "Exploring the relationship between tourism and offshore finance in small island economies: lessons from Jersey," International Finance 0507006, University Library of Munich, Germany.
    2. Emma Galli & Ilde Rizzo & Carla Scaglioni, 2020. "Is transparency spatially determined? An empirical test for Italian municipalities," Applied Economics, Taylor & Francis Journals, vol. 52(58), pages 6372-6385, December.
    3. Rodrigo Fernandez & Annelore Hofman & Manuel B Aalbers, 2016. "London and New York as a safe deposit box for the transnational wealth elite," Environment and Planning A, , vol. 48(12), pages 2443-2461, December.
    4. Hampton, Mark P. & Christensen, John, 2002. "Offshore Pariahs? Small Island Economies, Tax Havens, and the Re-configuration of Global Finance," World Development, Elsevier, vol. 30(9), pages 1657-1673, September.
    5. Valentina Gullo & Pierluigi Montalbano, 2018. "Where does “dirty” money go? A gravity analysis," Working Papers 5/18, Sapienza University of Rome, DISS.
    6. Gullo, Valentina & Montalbano, Pierluigi, 2022. "Financial transparency and anomalous portfolio investment flows: A gravity analysis," Journal of International Money and Finance, Elsevier, vol. 128(C).
    7. Christoph Farquet, 2012. "The Rise Of The Swiss Tax Haven In The Interwar Period: An International Comparison," Working Papers 0027, European Historical Economics Society (EHES).

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