Weakened by two Opium Wars and a succession of internal rebellions in the mid-1800s, China's imperial leaders made a historic decision-to break a tradition of isolation and seek education outside the homeland's borders. In time, an acquisition of science and technology from the rapidly-industrializing West would enable China to modernize its still-feudal economy and outdated military, thus restoring stability and establishing protection from future foreign encroachment. Today more than 200,000 Chinese are enrolled in colleges and universities across the United States, while the number of Americans choosing to study in China is rising.
As we approach mid-century China is assuming a lofty position of world leadership. This book does not attempt to debate or determine the extent to which higher education exchange with the United States has impacted China's rise . Instead it focuses on the story itself-of Sino-American education trade from its roots in antiquity to the present time-highlighting the people, programs, trials and triumphs that have wrought its extraordinary history. It will offer the first sequential, historically grounded book-length review of Sino-American education exchange that takes the story from its origins to the present day.
Originally published in 1983. With the prevailing uncertainties and wild fluctuation in exchange values at the time, the forward market in foreign exchange had become a vital issue for both governments and business corporations. This book by an expert practitioner in foreign exchange dealing describes how the forward market functions and analyses the constituent elements in its behaviour.
The two principal types of foreign exchange deal are examined; forward outright and swap, and explanations are given of how both operate. The linkage between forward rates and interest rates is also considered and the book investigates what factors cause deviation from parity conditions. In addition, there is a discussion of political risk and the forward contract and the role of speculation in forward exchange as well as the methods of hedging.
International trade theory implicitly assumes that countries participating in external trade each have sovereign status. Its failure to recognise the pervasive importance of colonial trade as an intermediate stage of external trade development, interposed between autarky and 'international trade' narrowly defined creates a serious gap In its explanatory structure and direct applicability.
Anthony John's book is an attempt to examine the properties of colonial resource management on the process of territorial specialisation. He considers the implications of such foreign involvement for the trade patterns which may ensue after political independence when formal 'international' trade entry is effected.
In" Foreign Direct Investment," Imad A. Moosa presents a survey of the vast body of literature and ideas relating to foreign direct investment that will be invaluable as a reference work for all these groups. He provides concise definition and analysis of the theories behind foreign direct investment, and considers factors affecting its implementation. The impact of foreign direct investment on economic development, host countries and the growth of multinationals, together with methods for evaluating foreign direct investment projects are discussed.
As a world economy emerged from the 16th-17th centuries onwards, a global cashless payment system arose. This had its base in Europe, first in Italy, then in the rising regions of the north-west, with Amsterdam and then London as the central financial market. The mutual quotation of exchange rates, which provide the data tabulated and analysed here, mark the integration into a global network of all areas with significant economic potential. The primary aim of this book is to provide a compact account of the exchange rates in all these financial markets, from the late 16th century up to the First World War. This makes possible an instant conversion between the major world currencies at nearly any date within that period, while the important introduction provides the explanation and context of developments. The present handbook therefore serves as an invaluable resource for those concerned with all aspects of commercial and financial history.
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