Descripción:
During the last 30 years, while much of the Caribbean has experienced increasing economic hardships, the Cayman Islands have continued to prosper. In 1998 United Nations Office for Drug Control and Crime Prevention acknowledged the Caymans as the fifth largest financial center in the word. This paper examines some of the factors that have contributed to the CaymanÕs rise as an offshore financial center (OFC) and explores the history of CaymanÕs relations with the United Sates. The analysis will show that the Cayman Islands have a unique history that has facilitated their emergence as the CaribbeanÕs premiere OFC. An understanding of the Cayman traditions suggests that the Cayman financial community will probably continue to flourish and that the particular character of Cayman society will likely ensure its continued place as the regionÕs frontrunner OFC.