Hakelberg Lab

University of Luneburg

Niedersachsen (DE9) · Germany

ERC-funded
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ERC Starting Grant · 2023

The Whiteness of Wealth Management: Colonial Economic Structure, Racism, and the Emergence of Tax Havens in the Global South

Tropical islands are often stigmatized as tax havens. But only a few tropical islands are important exporters of financial services. This is surprising since many of them feature attributes associated with tax havenry. They are small, sovereign, reachable from major financial centers within a few hours, and practice British common law. Why have so few applied tax havenry as a development strategy, nonetheless? Conventional wisdom suggests that political stability, often measured with contemporary indicators of good governance, makes the difference. The perception of political stability among foreign investors is, however, interwoven with racist biases. Previous research shows that tropical…

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