Maintaining historical legacy to boost economy. --- Indeed, countries organise their external activities in their own ways when it comes to economic diplomacy. The government of Vanuatu has maintained the country’s pre-independence status as a tax haven and international off-shore financial centre, and approximately 2000 registered institutions by 2012 offering a wide range of offshore banking, investment, legal, accounting, and insurance and trust-company services (Verdone and Seidl, 2012).

Source author: Malefetsane Dominic Mosala mosalalaw@gmail.com