In the next episode of ‘Fulbright Speakers’ Series: The World Beyond a Book’, Fulbright University Vietnam cordially invites you to a virtual talk with Dr. Kimberly Kay Hoang on her book Spiderweb Capitalism: How Global Elites Exploit Frontier Markets.
⏰Time: 08:00 – 09:30 PM on Thursday, May 18, 2023 (Vietnam time, GMT +7)
👉 Register at: https://forms.office.com/r/HcUmhvJjsB
🙌The Zoom link will be sent to your email prior to the event.
In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe.
Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, and how it finds its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones.
Dazzlingly written, Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.
Fulbright Speakers’ Series is a quest for knowledge and understanding with diverse incisive viewpoints of prominent authors, both in Vietnam and globally, venturing into a myriad of topics ranging from development history and current Vietnam in the context of globalization, to the importance of mental health in being a compassionate community member.
About the speaker:
Kimberly Kay Hoang is an Associate Professor of Sociology and the College and the Director of Global Studies at the University of Chicago.
She is an award-winning scholar, author, and teacher. She received the 2020 Lewis A Coser Award from the American Sociological Association Section on Sociological Theory— a mid-career award for Theoretical Agenda Setting. Her books and articles have been awarded over 18 prizes from several different professional associations. In addition to her research, she is the winner of the 2018 Llewellyn John and Harriet Manchester Quantrell Teaching at the University of Chicago.
Dr. Hoang is the author of two books. Spiderweb Capitalism: How Global Elites Exploit Frontier Markets (Princeton University Press 2022) and Dealing in Desire: Asian Ascendancy, Western Decline, and the Hidden Currencies of Global Sex Work (University of California Press 2015).