Author ORCID Identifier

Document Type

Book Chapter


Law, Political science

Publication Details

Author's accepted manuscript.

Woodward, R. (2005) ‘“Offshore” or “Shorn Off”: The OECD’s Harmful Tax Competition Initiative and Development in Small Island Economies’, in G.Harrison (ed.), Global Encounters: International Political Economy, Development and Globalization, Basingstoke: Palgrave, pp. 195-212.


The difficulties of developing and executing a sustainable development program in Small Island Economies (SIEs) are well documented. Comparatively small domestic markets, remote export markets, a dearth of natural and human resources, susceptibility to environmental change and natural disasters, plus limitations on the state’s capacity to govern economic activity have narrowed the range of feasible development strategies resulting in a reliance on sectors vulnerable to the vicissitudes of the global economy.