

Spiderweb Capitalism
How Global Elites Exploit Frontier Markets
Author: Kimberly Kay Hoang
Narrator: Kathleen Li
Unabridged: 11 hr 36 min
Format: Digital Audiobook Download
Publisher: Highbridge Audio
Published: 09/06/2022
Categories: Nonfiction, Social Science, Developing & Emerging Countries, Sociology
Synopsis
Kimberly Kay Hoang 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, and how it finds 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.