https://www.rozen-bakher.com/blog/11082024/caymanislands

Published Date: 11 August 2024

Blog on Foreign Direct Investment (FDI) and International Trade by Dr. Ziva Rozen-Bakher to Identify Risks versus Opportunities at the Country Level

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Cayman Islands, UK

The Cayman Islands has been a Colony of the UK since 1670 when Jamaica became a Colony of England and the Cayman Islands was part of Jamaica, which happened following the invasion of Jamaica by England, still, Jamaica was a Colony of the UK until its Independence in 1962, but the Cayman Islands has remained until today under British sovereignty. However, the Cayman Islands was a self-governing territory of the Colony of Jamaica from 1958 to 1962, but the Autonomy of the Cayman Islands was abolished when the Cayman Islands became a direct Colony of the UK after the independence of Jamaica, so until today the Cayman Islands has a formal status of a Non-Self-Governing Territory as a Colony of UK. Under the mechanism of a Non-Self-Governing Territory, the Cayman Islands has a Government and a Parliament to handle local affairs, still, the Governor is appointed by the King of the UK, rather than via democratic election by the citizens of the Cayman Islands. The Deputy Governor and the Attorney-General are also appointed by the Governor, yet the Deputy Governor must be a local one. However, the Parliament of the Cayman Islands is elected via a democratic election by the citizens of the Cayman Islands (19 Seats), yet the Governor of the Cayman Islands appoints two additional Seats for the Parliament. Besides, the Governor of the Cayman Islands appoints the PM of the Cayman Islands who should be the leader of the majority political party. The Governor of the Cayman Islands also appoints the Cabinet with the advice of the PM of the Cayman Islands.  

• Government of Cayman Islands https://www.gov.ky/

• Parliament of Cayman Islands https://parliament.ky/

Source: World Bank

Global Survival Rank (GSR) by Dr. Ziva Rozen-Bakher: Yearly Rank to Compare the Global Political Power among Countries, Alliances and Coalitions to Survive Long Wars at the Military Level, Economic Level, and Political Level

2024 Global Survival Rank by Dr. Ziva Rozen-Bakher https://www.rozen-bakher.com/global-survival-rank-zrb/2024

Key Figures of Foreign Direct Investment (FDI) and International Trade

Source: Trading Economics

Profile of Cayman Islands

• Cayman Islands - Britannica https://www.britannica.com/place/Cayman-Islands

• Cayman Islands - BBC https://www.bbc.com/news/world-latin-america-20219637

• Cayman Islands - UNCTAD https://unctadstat.unctad.org/CountryProfile/GeneralProfile/en-GB/136/index.html

PM of Cayman Islands

Research Papers and Research Books

• Cayman Islands Marine Protected Areas, their status, effects and future McCoy, C. (2019). Cayman Islands Marine Protected Areas, their status, effects and future. Bangor University (United Kingdom).

• Planning for climate change in small islands: insights from national hurricane preparedness in the Cayman Islands Tompkins, E. L. (2005). Planning for climate change in small islands: insights from national hurricane preparedness in the Cayman Islands. Global Environmental Change, 15(2), 139-149.

• The Long Road to a Beneficial Ownership Regime in the Cayman Islands Perkins, A. J. (2024). The Long Road to a Beneficial Ownership Regime in the Cayman Islands. In Making and Changing Law in Small Jurisdictions (pp. 113-133). Cham: Springer International Publishing.

• The Queen in the Cayman Islands: symbolic power and colonial continuities Carrington, G. (2023). The Queen in the Cayman Islands: symbolic power and colonial continuities. Small States & Territories, 6(2), 151-168.

• Tectonic Setting of the Cayman Islands Jones, B. (2022). Tectonic Setting of the Cayman Islands. In Geology of the Cayman Islands: Evolution of Complex Carbonate Successions on Isolated Oceanic Islands (pp. 13-21). Cham: Springer International Publishing.

• The Education System of the Cayman Islands Hall, O. (2021). The Education System of the Cayman Islands. The Education Systems of the Americas, 349.

• Small place, big money: The Cayman Islands and the international financial system Roberts, S. M. (1995). Small place, big money: The Cayman Islands and the international financial system. Economic geography, 71(3), 237-256.

• Sovereignty games and global finance: The Cayman Islands Vlcek, W. (2013). Sovereignty games and global finance: The Cayman Islands. In European Integration and Postcolonial Sovereignty Games (pp. 135-149). Routledge.

• Small islands and climate change: analysis of adaptation policy in the Cayman Islands Johnston, W., & Cooper, A. (2022). Small islands and climate change: analysis of adaptation policy in the Cayman Islands. Regional Environmental Change, 22(2), 45.

• A GIS-based approach for hurricane hazard and vulnerability assessment in the Cayman Islands Taramelli, A., Valentini, E., & Sterlacchini, S. (2015). A GIS-based approach for hurricane hazard and vulnerability assessment in the Cayman Islands. Ocean & Coastal Management, 108, 116-130.

• The Cayman Islands MacDonald, S. B. (2020). The Cayman Islands. In Handbook of Caribbean Economies (pp. 354-369). Routledge.

• International Tax Developments in the Cayman Islands: The Economic Substance Legislations and the Issue of EU Blacklisting Ng, C. Y. (2021). International Tax Developments in the Cayman Islands: The Economic Substance Legislations and the Issue of EU Blacklisting. Int'l Tax J., 47, 39.

• Tax havens bending to the will of soft law: a case study of the Cayman Islands' response to the OECD and FATF blacklists Driscoll, M. B. (2013). Tax havens bending to the will of soft law: a case study of the Cayman Islands' response to the OECD and FATF blacklists.

• The anatomy of the Cayman Islands offshore financial center: Anglo-America, Japan, and the role of hedge funds Fichtner, J. (2016). The anatomy of the Cayman Islands offshore financial center: Anglo-America, Japan, and the role of hedge funds. Review of International Political Economy, 23(6), 1034-1063.

Historical Background and Historical Perspective

• Geology of the Cayman Islands Jones, B. (1994). Geology of the Cayman Islands. In The Cayman Islands: natural history and biogeography (pp. 13-49). Dordrecht: Springer Netherlands.

• The Cayman Islands Douglas, A. J. A. (1940). The Cayman Islands. The Geographical Journal, 95(2), 126-131.

• Geology of the Cayman Islands: Evolution of Complex Carbonate Successions on Isolated Oceanic Islands Jones, B. (2022). Geology of the Cayman Islands: Evolution of Complex Carbonate Successions on Isolated Oceanic Islands. Springer Nature.

• The Cayman Islands: natural history and biogeography Brunt, M. A., & Davies, J. E. (Eds.). (2012). The Cayman Islands: natural history and biogeography (Vol. 71). Springer Science & Business Media.

National Bird