<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class="" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;"><img id="_x0000_i1025" apple-inline="yes" class="" src="cid:image003.jpg@01D80EAF.BFB6E610"></div><div class="" style="margin: 0in 0in 0.0001pt 0.5in; font-size: 11pt; font-family: Calibri, sans-serif;"><br class=""></div><div class="" style="margin: 0in 0in 0.0001pt 0.5in; font-size: 11pt; font-family: Calibri, sans-serif;"><span class="" style="font-size: 10pt;"></span></div><div style="margin: 0in 0in 0.0001pt;" class=""><font face="Calibri, sans-serif" size="3" class="">Online video of the lecture: <a href="https://www.youtube.com/watch?v=B9nIk4IZGa8" class="">https://www.youtube.com/watch?v=B9nIk4IZGa8</a></font></div><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span class="" style="font-size: 11pt;"><br class=""></span></div><div style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span class="" style="font-size: 11pt;">As friends remind me, Ronen Palan’s books—such as</span><span class="" style="font-size: 11pt;"> </span><i class="" style="font-size: 11pt;">The imagined economies of globalization, The offshore world, Tax havens: how globalization really works, Global political economy, Sabotage: the hidden nature of finance—</i><span class="" style="font-size: 11pt;">are on many shelves. This talk continues his political economy research. Richard Falk will examine geopolitical crime (3/9). Here Ronen Palan examines the neighborhood of geoeconomic crime. (Jan Nederveen Pieterse)</span></div><p class="MsoNormal" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;"> </p><div class="" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; text-indent: 0.5in;"><b class=""><span lang="EN-GB" class="" style="font-size: 12pt; background-color: yellow;">Ronen Palan, Arbitrage Power and the Politics of the Modern Firm</span></b><span lang="EN-GB" class="" style="font-size: 12pt;"></span></div><div class="" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; text-indent: 0.5in;"><i class=""><span class="" style="font-size: 12pt;">Discussant: William Robinson, Professor of Sociology UCSB </span></i><span class="" style="font-size: 12pt;"></span></div><div class="" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; text-indent: 0.5in;"><i class=""><span class="" style="font-size: 12pt;"><br class=""></span></i></div><div class="" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; text-align: justify;"><span class="" style="font-size: 12pt;">Multinationals employ techniques of Jurisdictional arbitrage, exploiting gaps, loopholes, and omissions in the laws of one country against another. In doing so, instead of being subject to the constraining rules of their home or host states, multinationals are able to control up to a point the institutional and regulatory environment; they burrow a path of least (regulatory) resistance through the cacophony of national rules and regulations that make up the global market. The ability to control and shape one’s institutional environment is a form of power. The use of such arbitraging techniques is sophisticated and pervasive to the point that they are altering the relationship between states and corporations, and the rules of competition in global market. This presentation reports on the finding of a five-year project funded by the EU on corporate arbitrage. </span></div><p class="MsoNormal" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;"><span class="" style="font-size: 12pt;"> </span></p><div class="" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; text-align: justify;"><b class=""><span class="" style="font-size: 12pt;">Ronen Palan</span></b><span class="" style="font-size: 12pt;"> is professor of International Political Economy at City, University of London and holder of an ERC Advanced Grant. He published several books on the subject of offshore finance and tax havens. His most recent co-authored book with Anastasia Nesvetailova, <i class="">Sabotage: The Business of Finance</i>, was published by Penguin in the UK and Public Affairs in the US.</span></div><div class="" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; text-align: justify;"><span class="" style="font-size: 12pt;"><br class=""></span></div><div class="" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; text-align: justify;"><span class="" style="font-size: 12pt;"><br class=""></span></div></body></html>