Problem

Legal havens


Experimental visualization of narrower problems
Other Names:
Havens from prosecution
Abuse of land-locked and island countries as havens
Nature:

The evolution of European countries such as Switzerland, the Vatican, Italy and Luxembourg (all of which are land-locked) to be centres of banking and valuables collections is attributable, at least in part, to singularities in their legal systems that make them havens, away from excessive governmental regulations, for certain kinds of transactions. Similarly, a number of island countries and territories, such as the USA Virgin Islands, the Bahamas, Singapore and several others, have constitutions that favour entrepreneurs, investors and speculators. The service economies of finance, banking and legal representation may attract developing island and land-locked countries, but many, however, lack the professional infra-structure for this. Tourism and entertainment industries require less capital investment than energy, food, and resources development projects, and may be the only other alternative.

Related UN Sustainable Development Goals:
GOAL 12: Responsible Consumption and ProductionGOAL 14: Life Below WaterGOAL 15: Life on LandGOAL 16: Peace and Justice Strong Institutions
Problem Type:
D: Detailed problems
Date of last update
03.06.2019 – 21:43 CEST