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Vanessa Ogle, Archipelago Capitalism: Tax Havens, Offshore Money, and the State, 1950s–1970s, The American Historical Review, Volume 122, Issue 5, December 2017, Pages 1431–1458, https://doi.org/10.1093/ahr/122.5.1431
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Abstract
This article traces the emergence of an archipelago-like landscape of distinct legal and economic spaces throughout the long midcentury. Consisting of tax havens, offshore financial markets, flags of convenience, and economic free zones, this archipelago allowed free-market capitalism to flourish on the sidelines of a world increasingly dominated by more sizable and interventionist nation-states. It argues that certain characteristics of the rise of free-market capitalism since the 1970s and 1980s were previously practiced in the offshore archipelago, only to move back to Europe and North America with the rise of neoliberalism.