Richard Anthony Johns is a member of the department of Economics and Management Science at the University of Keele, UK.

• List of Tables Foreword Acknowledgements Part I: The General Economic Rationale for Offshore Finance Centre Development 1. The Importance of National Friction Structures and Distortions Therein and the International Politico-economic Friction Matrix 2. The Emergence of the International ‘Intermediate’ Economy and the Semi-peripheral Global Secondary Trading System 3. The Onshore Exercise of ‘Countervailing’ Power to Preempt or Limit the Extent of Offshore Appropriation of Invisible Trade Activities 4. The Competitive Power of Offshore States and the Art of International Economic ‘Frictioneering’ Part II: A Regional Case Study of the Development of the British Isle Offshore Finance Centres 1. The Effective Constitutional Parameters of Politico-fiscal Sovereignty of the British Isle Centres 2. UK Monetary Union and the Sterling ‘Currency Bond’ 3. The Development of Jersey as the British Isle Offshore Banking Centre 1955-78 4. The Diversified Development of Guernsey 1960-78 5. The Isle of Man and the Problem of Offshore Take-Off 1961-78 6. The Drive to ‘Independent’ Industrial Maturity since 1979 Part III: The Global Pattern of Offshore Finance Centre Development Since 1970 1. The Development Decade of the 1970s: A Global Review of the Offshore Transformation of Tax Haven Centres 2. The Restructuring of the International Friction Matrix in the 1980s Bibliography Index