 Economic diplomacy in small countries: a four-action plan for the Cayman IslandsLaura Panadès-Estruch International Journal of Diplomacy and Economy, 2020, vol. 6, issue 1, 67-84 Abstract: The Cayman Islands is finally ready to establish external relations. Starting almost from scratch, its new Ministry of International Trade, Investment, Aviation and Maritime Affairs is launching a coordinated global charm offensive. Economic diplomacy should be put at the centre of the Ministry's strategy because of Cayman's role as a world-leading offshore financial centre. This article puts forward a four-action plan to inform its early activities. It is structured in four main sections, covering each of the suggested actions, which are (i) setting up an electronic one-stop-shop for investment, (ii) humanising 'Brand Cayman', (iii) creating a worldwide network of Government offices, starting in Brussels, to deploy economic diplomacy and (iv) promoting blue-green investments on island through public-private partnerships. The methodology is desk-based research. Sources blend international and local materials for a unique perspective. Keywords: Caribbean; British overseas territories; Cayman Islands; international relations; economic diplomacy; offshore; international finance; trusts; investment funds; foreign direct investment; blue investment; green investment; policy. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijdipe:v:6:y:2020:i:1:p:67-84 Access Statistics for this article More articles in International Journal of Diplomacy and Economy from Inderscience Enterprises Ltd |
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