Offshore or ‘Shorn Off’? The OECD’s Harmful Tax Competition Initiative and Development in Small Island Economies
The difficulties of developing and executing a sustainable development program in Small Island Economies (SIEs) are well documented.1 Comparatively small domestic markets, remote export markets, a dearth of natural and human resources, susceptibility to environmental change and natural disasters, plus limitations on the state’s capacity to govern economic activity have narrowed the range of feasible development strategies resulting in a reliance on sectors vulnerable to the vicissitudes of the global economy (Demas 1965; Kakazu 1994; Briguglio 1995; Commonwealth Secretariat/World Bank Joint Task Force on Small States 2000: 5–19).
KeywordsMigration Income Shrinkage Assure Resi
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