Robertson and Tyrala provides a theoretical and empirical analysis of emerging markets and the offshore economic system. An insightful study for scholars of international political economy.

Justin Robertson is an associate professor in the Department of Asian and International Studies at the City University of Hong Kong. His most recent research explores the extent to which hedge funds, private equity funds, and offshore structures are materializing in emerging markets.

Michael Tyrala is a postdoctoral fellow at the Institute for Emerging Market Studies of the Hong Kong University of Science and Technology. His research focuses on the historical and contemporary trajectories of the global offshore economy and its evolving impact on the global capitalist system.

List of Figures

List of Tables

List of Boxes

List of Abbreviations

1 Introduction

Larger debates and research questions

Argument and significance

Case selection

Structure of the book

2 Analytical framework part one: World-systems analysis, global finance, and regional specialization in the global offshore economy

World-systems analysis

The rise of global finance

Regional hubs in a global world

3 Analytical framework part two: Growing resistance, new global standards, and the uneven nature of the offshore world

Accommodation and resistance at multiple levels

New global standards and the continuing role of national factors

The multiple hierarchies of the offshore world and consolidated survivor OFCs

4 A case study of the Mauritius-India offshore relationship

The origins of Mauritius as an OFC for India

The Vodafone case

The historical importance of economic factors

The historical importance of political factors

Explaining the reversal of the India-Mauritius policy

5 A case study of the Mauritius-Africa offshore relationship

Key historical points

The role of international factors

The role of domestic factors

The politics of contestation

Re-evaluating India's offshore change

6 The significance of the case studies for the political economies of India, Africa, and Mauritius

The significance of Indian developments

The significance of African developments

The significance of Mauritian developments

The potential of the African market

The potential of new financial industries

The potential of new entry points into the Indian market

Mauritius's comparative advantages

Arrested development and OFCs

7 Conclusion

Developments that would put into question the findings of the book

Future research questions

References

Index