Offshore banking: a major contributor to the economic crisis

Jul 23, 2012 Comments Off on Offshore banking: a major contributor to the economic crisis by

A couple of recent Guardian articles draw attention to the enormous role played by offshore banking in the world economy. This article describes a study which estimates the size of the offshore economy at 13 trillion euros, while this one examines the extent to which tax havens undermine the overall economy.

Disclaimer: Feasta is a forum for exchanging ideas. By posting on its site Feasta agrees that the ideas expressed by authors are worthy of consideration. However, there is no one 'Feasta line'. The views of the article do not necessarily represent the views of all Feasta members.

News Digest

About the author

Caroline Whyte has been involved with Feasta since 2002. She studied ecological economics at Mälardalen University in Sweden, writing a masters thesis on the relationship between central banking and sustainability. She contributed to Feasta's books Fleeing Vesuvius and Sharing for Survival. Along with four other Feasta climate group members she helped to launch the CapGlobalCarbon initative at the COP-21 summit in Paris in December 2015. In February 2017 she participated in the World Basic Income conference in Manchester, discussing the potential for climate action to contribute to reducing poverty and inequality worldwide. She lives in central France, from where she edits the Feasta website.

Feasta is an open, membership-based organisation. If you're interested in supporting our work please consider joining Feasta or making a donation.

Comments are closed.