03792nam a22004455i 4500 22516975 BJBSDDR 20250729095434.0 a|||||r|||| 00| 0 ta 220421s2022 nju r 000 0 eng 2022937155 9780691229119 (hardback) 0691229112 (hardback) 9780691229102 (ebook) 22516975 DLC eng rda DLC eng pcc HG 5993 H678s 2022 Hoang, Kimberly Kay, 1983- 42985 Spiderweb capitalism : how global elites exploit frontier markets / Kimberly Kay Hoang. Princeton, New Jersey : Princeton University Press, 2022. xiv, 267 pages : illustrations, maps, graphs ; 24 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical resources and index. Acknowledgments p. vii Prologue p. xi Introduction: Spiderweb Capitalism p. 1 1 Social Spiders' Tangled Webs p. 22 2 Spinning New Investment Deals p. 54 3 Varieties of Corruption and Bribery p. 90 4 Tax Strategies of Global Elites p. 125 5 Impunity in Stealth Webs p. 148 6 Moral Dilemmas and Regimes of Justification p. 169 7 The Exit: Feast and Famine p. 187 Conclusion: Unraveling Chaotic and Tangled Webs p. 211 Methodological Appendix: The Gendered Paradox of Studying Elites p. 223 Notes p. 241 References p. 251 Index p. 261 "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"-- Provided by publisher. Inversiones extranjeras 647 Países en desarrollo Inversiones extranjeras Aspectos morales y éticos 43748 Desarrollo económico Prácticas corruptas 25615 Evasión fiscal 43749 Información financiera 43750 0 ibc orignew 2 epcn 20 y-gencatlg lcc BK LLH 124029 124029 0 0 lcc 0 0 CS BJB BJB CS 2025-06-30 0 HG 5993 H678s 2022 00000192199 2025-06-30 00:00:00 1 2025-06-30 BK