the presence of tax havens, whether specialising in corporate or maritime services, consistently undermines national and international rule-of-law.
This was the case with the capitalist apartheid regime in South Africa, who circumvented oil sanctions through the 'socialist' government of Seychelles. The Iranian revolution evidenced the fall of the US-backed Shah, depriving the apartheid regime of secure oil supplies.
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DEVELOPMENT: Economic Boom Worsened De-industrialisation of LDCs - IPS ipsnews.net - 7 views
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