IPR Seminar Series - Dr. Kimberly Hoang

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Headshot of Dr. Kimberly Hoang
October 5, 2021
12:30PM - 1:30PM
Location
Virtual Zoom Meeting

Date Range
Add to Calendar 2021-10-05 12:30:00 2021-10-05 13:30:00 IPR Seminar Series - Dr. Kimberly Hoang Dr. Kimberly Hoang, University of Chicago, Director of Global Studies and Associate Professor of Sociology Theme: Gender Inequality How Global Elites Exploit Frontier Markets In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe. Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, finding its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones. Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.   A reminder that all participants need to register in order to participate in the fall seminar series. The link to the registration is here: https://osu.zoom.us/meeting/register/tJMqdeuurT4pGtYpugjkDPxlO-EechsTva2w Virtual Zoom Meeting Institute for Population Research popcenter@osu.edu America/New_York public
Description

Dr. Kimberly Hoang, University of Chicago, Director of Global Studies and Associate Professor of Sociology

Theme: Gender Inequality

How Global Elites Exploit Frontier Markets

In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe. Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, finding its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones. Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.

 

A reminder that all participants need to register in order to participate in the fall seminar series. The link to the registration is here: https://osu.zoom.us/meeting/register/tJMqdeuurT4pGtYpugjkDPxlO-EechsTva2w