Word: vanuatu
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Dates: during 2000-2009
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...largest travel company in the Republic of Indonesia," with a staff of 500. When the government changed the law, prohibiting foreigners from owning businesses in that sector of tourism, Purser accepted a job with the U.N. Development Program and served a stint as director general of tourism in Vanuatu...
...around a floating, distributed network of individual PCs that has no center. There's no single plug to pull. Kazaa has savvily chosen a decentralized business strategy too: it's a mirage of complicated partnerships with the official owner, Sharman Networks, tucked away on the South Pacific island of Vanuatu. So far, its diffuse structure has kept its management off U.S. soil and out of U.S. courtrooms...
...havens are one of the world's great growth industries. There are more of them than ever, from Liechtenstein to Panama to Vanuatu, a tiny rock sticking out of the Pacific, well-wired into the world financial system. And the amount of money they harbor around the globe is staggering--as much as $5 trillion, according to the U.S. State Department. The Cayman Islands (pop. 35,000) has more than $800 billion on deposit--fully one-fifth as much as the entire U.S. banking system. And those Cayman deposits are swelling by an estimated $120 billion a year...