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Globalization, Regulation and Geography: The Development of the Bahamas and the Cayman Islands Offshore Financial Centres

This Ph.D. thesis – completed in 1996 – used the development of the Bahamas and Cayman Offshore Financial Centres as a lens to understand the evolving relationship between globalization and sovereignty.

Chapter one asks: “what explains the emergence of these new places – offshore financial centres – on the map of international political economy?” Chapter two critically reviews the literature around the themes of globalization, regulation and geography. Chapter three is a “methodology” chapter. Chapter four begins to explore the development of the Bahamas and Cayman OFCs, examining the regulatory construction of place. Chapter five expands the focus to consider the relationship between the Bahamas and Cayman OFCs and how this relationship has affected their development. Chapter six explores the wider regulatory landscape, looking at the relationship of the Bahamas and Cayman OFCs with the USA and at their place within the regulatory framework for international banking provided by the Basle Committee. Chapter seven brings together some of the insights from earlier chapters and puts the “regulatory landscape” metaphor to work, moving towards an explanation for the development of OFCs and processes of financial globalization.

It is argued that the development of stateless monies, particularly since the late 1960s, produced an economic space of flows, increasingly divorced from the political space of states and the productive economy. The OFCs, through the practice of unbundling sovereignty, articulate the economic and political spaces of capitalism.

Author: Alan Hudson

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Losing out to Supermarkets – The Transformation of Fruit and Vegetable Supply Chains in Southern Africa

Supermarket chains have spread throughout Southern Africa and thereby restructured agri-food markets. Fragmented public markets have increasingly been replaced by supermarket stores which can offer products of better quality at lower prices. Those farmers who previously supplied public markets are now superfluous and have difficulties in entering new supermarket channels due to high entry requirements, in particular private standards. Although the expansion of supermarkets provides new opportunities for smallholders to participate in new supply chains, their inclusion has failed as supermarkets have not been able or willing to support farmers sufficiently. Instead, they co-operate with bigger farms which are able to meet their standards, or import the desired produce. Several alternative strategies for smallholders have been suggested, however, it remains uncertain whether an inclusion of smallholders into supermarket channels is the best available approach at all.

Author:David Parduhn

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Losing out to Supermarkets - The Transformation of Fruit and Vegetable Supply Chains in Southern Africa (2403)

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