Discover and read the best of Twitter Threads about #caymanislands

Most recents (2)

1/5 New @CEPII_Paris working paper on #taxevasion with @VVicard and A. Guillin cepii.fr/CEPII/fr/publi…
We employ a standard gravity framework to quantify abnormal stocks of FDI and portfolio securities over 2009-2017 for up to 236 jurisdictions.
2/5 we provide evidence that about 40% of global asset are abnormal stocks and that: (a) the bulk of international assets in tax havens are `abnormal', i.e unexplained by standard gravity factors; (b) there is a strong heterogeneity among jurisdictions,
3/5 Heterogeneity on the #Map: the larger a country, the more their international financial exchanges are NOT driven by economic and geographic factors.
Read 5 tweets
When Francis #Fukuyama, in his 1992 book, disclosed the "end of history" #thesis, he became a world celebrity.

The formulation was simple, but devastating for the left: faced with the evidence of the disappearance of the #SovietUnion, he could affirm that #communism had failed..
and that #capitalism emerged victorious as the only system that guaranteed #peace, #freedom & #equality.

However, in 2010 Fukuyama acknowledged that he had not understood the meaning of the disappearance of the Soviet Union and the #European socialist bloc.
Fukuyama had believed in the drunkard #Yeltsin (the face of the gravedigger & #thief who prevailed with blood & fire, supported by the #West, with the coup d'etat in #Moscow in 1993) and in the capacity of liberalism to satisfy human needs and, In addition, in 1992, ...
Read 14 tweets

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