1st Edition

The Uneven Offshore World Mauritius, India, and Africa in the Global Economy

By Justin Robertson, Michael Tyrala Copyright 2022
196 Pages 2 B/W Illustrations
by Routledge

196 Pages 2 B/W Illustrations
by Routledge

196 Pages 2 B/W Illustrations
by Routledge

Informed by world-systems analysis, this book examines the shifting  patterns of accommodation and resistance to the offshore world, with a particular focus on Mauritius as a critical but underappreciated offshore node mediating foreign investment into India and Africa. Drawing on a large pool of financial data and elite interviews, the authors... Read more

List of Figures

List of Tables

List of Boxes

List of Abbreviations

1 Introduction

Larger debates and research questions

Argument and significance

Case selection

Structure of the book

2 Analytical framework part one: World-systems analysis, global finance, and regional specialization in the global offshore economy

World-systems analysis

The rise of global finance

Regional hubs in a global world

3 Analytical framework part two: Growing resistance, new global standards, and the uneven nature of the offshore world

Accommodation and resistance at multiple levels

New global standards and the continuing role of national factors

The multiple hierarchies of the offshore world and consolidated survivor OFCs

4 A case study of the Mauritius–India offshore relationship

The origins of Mauritius as an OFC for India

The Vodafone case

The historical importance of economic factors

The historical importance of political factors

Explaining the reversal of the India–Mauritius policy

5 A case study of the Mauritius–Africa offshore relationship

Key historical points

The role of international factors

The role of domestic factors

The politics of contestation

Re-evaluating India’s offshore change

6 The significance of the case studies for the political economies of India, Africa, and Mauritius

The significance of Indian developments

The significance of African developments

The significance of Mauritian developments

The potential of the African market

The potential of new financial industries

The potential of new entry points into the Indian market

Mauritius’s comparative advantages

Arrested development and OFCs

7 Conclusion

Developments that would put into question the findings of the book

Future research questions

References

Index

Biography

Justin  Robertson  is  an  associate  professor  in  the  Department  of  Asian and International  Studies at  the  City  University  of  Hong  Kong.  His  most  recent research  explores  the extent  to  which  hedge  funds,  private  equity  funds,  and offshore structures are materializing in emerging markets.

Michael  Tyrala  is  a  postdoctoral  fellow  at  the  Institute  for  Emerging  Market Studies of  the Hong Kong University of Science and Technology. His research focuses on  the historical  and contemporary  trajectories  of  the  global  offshore economy and its evolving impact on the global capitalist system.