Skip to content

Research at St Andrews

From Road Town to Shanghai: situating the Caribbean in global capital flows to China

Research output: Contribution to journalArticlepeer-review

DOI

Abstract

This article examines the prominent location of offshore financial centres (OFCs) among the leading origin and destination points for foreign direct investment (FDI) to China. The OFC (characterised as a tax haven) frequently has been ignored or assumed out of analyses on Chinese FDI as simply servicing tax minimisation practices. This article challenges that assumption and emphasises the financial intermediation role performed by the Caribbean OFC beyond practices of tax arbitrage. Through the use of an international business company (IBC) registered in an OFC these jurisdictions perform several functions for investors, to include providing access to foreign capital markets, reducing tax obligations across multiple jurisdictions and concealing potential politically-sensitive beneficial ownership of the investment. This assessment for the role of the OFC in circuits of global capital involving FDI to China demonstrates that China's relationship with the OFC is different from that experienced by Europe and North America.
Close

Details

Original languageEnglish
Pages (from-to)534-553
JournalBritish Journal of Politics and International Relations
Volume16
Issue number3
DOIs
Publication statusPublished - Aug 2014

    Research areas

  • Offshore finance, China, Foreign direct investment, British Virgin Islands, International business company, Hong Kong, Tax havens

Discover related content
Find related publications, people, projects and more using interactive charts.

View graph of relations

Related by author

  1. A tale of two currencies: talking about money and (de)securitising moves in the 2014 Scottish Independence Referendum

    Donnelly, F. & Vlcek, W., 19 Jan 2021, In: Critical Studies on Security. Latest articles, 14 p.

    Research output: Contribution to journalArticlepeer-review

  2. Teaching sub-honours IR at the University of St Andrews

    Vlcek, W. & Bower, A. S., 25 Sep 2020, In: International Studies Perspectives.

    Research output: Contribution to journalSpecial issuepeer-review

  3. The IPE of Money Laundering and Terrorist Finance

    Vlcek, W. B., 30 Apr 2020, The Routledge Handbook to International Political Economy: Conversations and Inquiries. Vivares, E. (ed.). 1 ed. Routledge, p. 843-859 17 p.

    Research output: Chapter in Book/Report/Conference proceedingChapter

  4. How Macau became the world’s casino capital

    Vlcek, W. B., 3 Jan 2019, The Conversation.

    Research output: Contribution to specialist publicationArticle

Related by journal

  1. British Journal of Politics and International Relations (Journal)

    Filippo Costa Buranelli (Reviewer)

    Apr 2019 → …

    Activity: Publication peer-review and editorial work typesPeer review of manuscripts

  2. British Journal of Politics and International Relations (Journal)

    Mary Alexandra Dodd (Editor)

    7 Jan 2019 → …

    Activity: Publication peer-review and editorial work typesEditor of research journal

  3. British Journal of Politics and International Relations (Journal)

    Chris Ogden (Reviewer)

    2019

    Activity: Publication peer-review and editorial work typesPeer review of manuscripts

  4. British Journal of Politics and International Relations (Journal)

    Darren McCauley (Reviewer)

    2012 → …

    Activity: Publication peer-review and editorial work typesPeer review of manuscripts

  5. British Journal of Politics and International Relations (Journal)

    Laura Mills (Reviewer)

    20112015

    Activity: Publication peer-review and editorial work typesPeer review of manuscripts

Related by journal

  1. The liberal peace at home and abroad: Northern Ireland and liberal internationalism

    Mac Ginty, R., Nov 2009, In: British Journal of Politics and International Relations. 11, 4, p. 690-708 19 p.

    Research output: Contribution to journalArticlepeer-review

  2. Development vs. Terrorism: Money Transfers and EU Financial Regulations in the UK

    Vlcek, W., May 2008, In: British Journal of Politics and International Relations. 10, 2, p. 286 - 302 17 p.

    Research output: Contribution to journalArticlepeer-review

ID: 41333401

Top