Is Globalization Gearing Down a Little Bit?

The Cayman Islands, Bermuda and Panama are among the tax haven countries that have emerged in recent years. They were created as a way to specialise financial services for their own people who had no natural resources or geographical isolation. Peter Clark says it could be good signals for more legislation against all of these rules and tools of the financial secreted person. It's driven by private sector interest looking for captive states where lawyers can just fly in and say, I'm going to write your laws for you., he adds.