Fraternity: A Romance of Inspiration: In the religious, political and romance tradition of Emmett Fox, Francine Rivers, Francine du Plexis Gray, Shelley Shepard Gray, Jane Austen and Karen Kingsbury, M.M. Thomas, an English author brings you a story with traditional themes and a new slant. This story centers on the feelings of the man. The man is the protagonist. In addition, it speaks to cooperation - a theme that has interested men of power from J.P. Morgan to Teddy Roosevelt to Barack Obama. How do men cooperate, when something larger is at stake than money? How do men act honorably to women and in life? What do men think? How fashionable to wonder. Women readers and working women have been trying to figure it out. Many historical romances and modern novels deal with disappointment and conjecture: is honor possible? Do kindness, honor, and social values exist - in the minds of men or anywhere? The author of Fraternity thinks yes. Not a novel of disappointment, Fraternity does talk about obstacles. Difficulties are the backdrop. What makes relationship difficult between the men and women? Equally important, what makes relationship difficult and then possible between men - barriers to and opportunities for fraternity. The men care. The men need relationship. This romance has the added appeal because financier J.P. Morgan was attracted to it. It is easy to see why. Money and true love are the themes. Fraternity defies classification. Religious romance, romance, historical fiction, or fiction, the novel has it all. Without giving the plot away, it has all the themes making it a good novel - the reversal of fortune, mistaken identity, the exchange of places, romance, true love, and good will hunting. Set in the Welsh hills between a slate mining camp and a Welsh manor, the book has themes popular in the press of its day. Wealth is both despised and revered in the American and foreign press. How does a man follow his star and get his true love? Are the wealthy better than other people? What should the government ask or force people to do with their money? Are the wealthy wicked or benevolent people? What would it be like to walk in someone else's shoes? What does a man of honor do?
The massive external debt burden of sub-Sahara Africa has gained widespread attention as a serious policy issue during the past few years. These countries are particularly vulnerable because 1.they have large international borrowing requirements and the resulting external debt is denominated in different currencies; 2.most of their external debt is in obligations with variable interest rates; and 3.their trade in primary commodities is significant. Yet a recent survey by the World Bank revealed that 70 percent of foreign borrowers in developing countries do not hedge their interest rate or exchange rate exposures. In general, the Third World lacks the expertise in the use of recently-developed hedging tools and the understanding of the risk structure of their economies. This book carries out a through analysis of the financial risks characteristics of Nigeria. In addition, a debt composition hedging strategy is developed that minimizes Nigeria's budget exposure to external price shocks. The survey should be useful to developing countries who may be considering utilizing hedging techniques to improve their credit ratings and limit the impact of volatility in global markets.
This book documents and explains how strategic human resource management (SHRM) and high performance work systems (HPWS) have been adopted among indigenous enterprises, namely state-owned enterprises (SOEs) and domestic private enterprises (DPEs) in China, from both management and employee perspectives.
The book examines the mutual relationships between employees and their supervisors/managers through social exchange theory. It explains how and why employees develop their perceptions and relationships with their immediate supervisors/managers in the working environment, and the consequent effects on their attitudes and behaviour at work.
Given the importance of the Chinese economy in the world, and the impact of its 'open-door' policy and economic and management reforms, this book will provide valuable insight into China's SHRM and HPWS.
The purpose of this book is to help bankers in their task of establishing, developing, and supervising foreign exchange departments. The essays included provide insightful and explanatory comments of a general nature in an area where no two institutions are likely to have similar needs or opportunities. The scarcity of books on foreign exchange departments is largely due to this diversity. Rudi Weisweiller's edited collection will appeal to the bankers who want to collaborate closely and successfully with personnel in foreign exchange departments and also to those actually engaged in the day-to-day work of those departments. This is partly a book for foreign exchange dealers and partly a book about them. Each contributor to this book is experienced and still active in the field of foreign exchange. Their accumulated experience has led to this knowledgeable volume, which will be useful to present and future practitioners as a general overview of the foreign exchange department in the modern financial institution.
This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.
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