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03892aam a2200457 i 4500 001 77F11ABA170B11EEA3C6068B3DECA4DB 003 SILO 005 20230630010035 008 211020s2022 njua b 001 0 eng c 010 $a 2022937155 020 $a 0691229112 020 $a 9780691229119 035 $a (OCoLC)1277281259 040 $a YDX $b eng $e rda $c YDX $d UKMGB $d HBP $d CGB $d NDL $d YDX $d IAK $d GSU $d SILO 042 $a pcc 043 $a d------ 050 4 $a HG5993 $b .H63 2022 082 04 $a 332.673 $2 23 100 1 $a Hoang, Kimberly Kay, $e author. 245 10 $a Spiderweb capitalism : $b how global elites exploit frontier markets / $c Kimberly Kay Hoang. 264 1 $a Princeton, New Jersey : $b Princeton University Press, $c 2022. 300 $a xiv, 267 pages : $b illustrations ; $c 24 cm 520 $a "In 2015, an anonymous source leaked the so-called Panama Papers, 11.5 million documents detailing financial and attorney-client information and connecting over 140 ultra-wealthy individuals across 50 countries to offshore companies in 21 tax havens. Journalists and scholars have attempted to chart these complex networks in the wake of various scandals but have learned very little. The focus on high-profile cases of egregious theft leaves a shroud of uncertainty over the mechanics behind the invisible, mundane networks of people who facilitate illicit activities by conducting transactions across multiple sovereigns. Playing in the Gray focuses on the constant and quiet movement of money through offshore shell corporations, the primary motor of global capital. Hoang takes a deep-dive into the emerging markets of Vietnam and Myanmar. Over the course of two years, she travelled more than 350,000 miles to conduct ethnographic observations and interviews with 300 individuals who facilitate the movement of capital around the world. Her research subjects include private wealth managers, fund managers, chairpeople, local entrepreneurs, high-level executives, lawyers, bankers, auditors, and company secretaries, each playing an essential role in circulating concealed capital through global markets. She draws on this data to develop a new framework for understanding what she calls spiderweb capitalism, which she defines as a system that features a complex web of subsidiaries that are interconnected across multiple sovereigns and are virtually impossible to quantify. She argues that legal and illegal activity are in fact deeply connected in this web and provides an account of how financial elites make markets in the new globalized economy"-- $c Provided by publisher. 504 $a Includes bibliographical resources and index. 505 0 $a Prologue -- Introduction: Spiderweb capitalism -- Social spiders' tangled webs -- Spinning new investment deals -- Varieties of corruption and bribery -- Tax strategies of global elites -- Impunity in stealth webs -- Moral dilemmas and regimes of justification -- The exit : feast and famine -- Conclusion: Unraveling chaotic and tangled webs -- Methodological appendix: The gendered paradox of studying elites. 650 0 $a Investments, Foreign $z Developing countries. 650 0 $a Investments, Foreign $x Moral and ethical aspects. 650 0 $a Economic development $x Corrupt practices. 650 0 $a Shell companies. 650 0 $a Rich people $x Taxation. 650 0 $a Tax evasion. 650 0 $a Financial disclosure. 650 7 $a Elite (Social sciences) $2 fast $0 (OCoLC)fst00908113 650 7 $a Financial disclosure. $2 fast $0 (OCoLC)fst00924615 650 7 $a Investments, Foreign $x Moral and ethical aspects. $2 fast $0 (OCoLC)fst00978394 650 7 $a Shell companies. $2 fast $0 (OCoLC)fst02010400 650 7 $a Tax havens. $2 fast $0 (OCoLC)fst01143780 941 $a 1 952 $l UNUX074 $d 20230630011057.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=77F11ABA170B11EEA3C6068B3DECA4DB 994 $a Z0 $b NIUInitiate Another SILO Locator Search