| Abstract: |
Many islands host tourism and offshore finance but research tends to focus on
either industry without examining the nature of the relationship(s) between
these two where they co-exist. This paper examines the nature of the
relationships using a case study of the British Channel Island of Jersey. Both
industries demand labour, land and capital that are frequently scarce in small
islands. Given their common characteristics and, drawing lessons from Jersey,
the paper then considers the nature and the dynamics of their relationship,
and the issue of resource competition between the two sectors. In light of the
unusual context of small polities and the political power of external actors,
the paper also analyses the dynamics of the central relationship between
tourism, offshore finance and the state in islands. Finally, the paper
considers the overall impact of the relationship between tourism and offshore
finance and how it affects the economic development trajectory of small
islands. |