Global Inequities: Exploitation, Tax Havens, and the Imperative of Cross-Border Governance

Elizaveta Minyailenko
School of Governance and Politics, MGIMO University

Abstract: This article explores the intricate dynamics of exploitation, tax havens, and challenges in emerging markets, unravelling a narrative that shaped the latter half of the 20th century's international finance. The exploitation through international tax treaties led to a network of tax havens, exacerbating economic disparities globally. External factors, including the appreciation of the US dollar, complicate emerging economies' paths, emphasizing the need for robust financial regulation. The collapse of Silicon Valley Bank and Signature Bank serves as a cautionary tale, underlining vulnerabilities in the financial system. Strategies for reform involve international tax treaties, empowering developing countries, and fostering global cooperation. The article emphasizes the pivotal role of effective financial regulation in navigating the complexities of global finance for equitable economic development.

Keywords: tax havens, global inequities, emerging markets, international tax treaties, financial regulation, cross-border governance, human capital investment, financial architecture.

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