Most of the public critique of the Western offshore economy so far has focused on the large loss of tax revenue to OECD states through the use of havens by major corporations and individuals. However, in fact, the greatest danger posed by the offshore economy is not a financial threat, but a security one. In his new report, Dealing with the Offshore Economy, Dr. Alan Riley explains how offshore and business practices threaten the West, and how Western democracies should deal with them.

The discussion is joined by Dr. Clay R. Fuller, Jeane Kirkpatrick Fellow, American Enterprise Institute; Dr. Alan Riley, senior fellow, Global Energy Center, Atlantic Council; Dr. Louise Shelley, Omer L. and Nancy Hirst Endowed Chair and professor, Schar School of Policy and Government, George Mason University; and is moderated by Dr. Anders Åslund, senior fellow, Eurasia Center, Atlantic Council.


Apr 2, 2019

Dealing with the offshore economy

By Alan Riley

The West, with its rule of law and creation of the Western-governed offshore economy, has given corrupt elites in developing countries the tools and capacity to avoid ever establishing the rule of law in their own countries.

Corruption European Union

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The Eurasia Center’s mission is to promote policies that strengthen stability, democratic values, and prosperity in Eurasia, from Eastern Europe in the West to the Caucasus, Russia, and Central Asia in the East.