Offshore' Banking within the Nation

Economic Development in the United States Virgin Islands

Bibliographic Data

ID5816372
AuthorsNavarro (corresponding author), Navarro Navarro (corresponding author)
Year2010
Volume4
Issue2
Pages9-9
Publication date2010-01-01
Open AccessNo
TypeARTICLE
VenueThe Global South (JOURNAL)
Journal identifiersISSN: 1932-8648 • E-ISSN: 1932-8656
PublisherIndiana University Press (PUBLISHER • US)
DOI10.2979/globalsouth.4.2.9
OpenAlexW2062521928
LanguageEN
Citations received1
References cited21

While islands such as Puerto Rico, the Cayman Islands, and the British Virgin Islands offer attractive tax benefits to investors, the status of St. Croix as an English-speaking American possession means that it is uniquely positioned to serve as a new 'frontier' in the global financial services market. Building on Anna Tsing's notion of friction as a result of competing expectations of globalization, my research approaches the EDC, a tax holiday program that has attracted a number of primarily American bankers to the island, as a space in which struggles over quasi-offshore capital produces such tensions. Clashes surrounding 'appropriate' financial and social investment have both integrated St. Croix into the global financial services market and produced a great deal of friction between EDC community and residents of St. Croix. Moreover, the presence of this program has generated new categories of personhood that in turn have sparked new debates about what it means to 'belong' in a territory administered by the United States. These new categories of personhood are particularly gendered and alternately destabilize and shore up long-standing hierarchies of generation, gender, and place

Caribbean history, culture, and politics · Economic Zones and Regional Development

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