Spiderweb Capitalism
eBook - ePub

Spiderweb Capitalism

How Global Elites Exploit Frontier Markets

  1. 264 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Spiderweb Capitalism

How Global Elites Exploit Frontier Markets

About this book

A behind-the-scenes look at how the rich and powerful use offshore shell corporations to conceal their wealth and make themselves richer

In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe.

Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, and how it finds its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones.

Dazzlingly written, Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.

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Yes, you can access Spiderweb Capitalism by Kimberly Kay Hoang in PDF and/or ePUB format, as well as other popular books in Social Sciences & Finance. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Contents
  5. Acknowledgments
  6. Prologue
  7. Introduction: Spiderweb Capitalism
  8. 1. Social Spiders’ Tangled Webs
  9. 2. Spinning New Investment Deals
  10. 3. Varieties of Corruption and Bribery
  11. 4. Tax Strategies of Global Elites
  12. 5. Impunity in Stealth Webs
  13. 6. Moral Dilemmas and Regimes of Justification
  14. 7. The Exit: Feast and Famine
  15. Conclusion: Unraveling Chaotic and Tangled Webs
  16. Methodological Appendix: The Gendered Paradox of Studying Elites
  17. Notes
  18. References
  19. Index