By Jeffrey E. Garten
ISBN-10: 0062409999
ISBN-13: 9780062409997
The tale of globalization, the main robust strength in heritage, as instructed during the lifestyles and instances of ten those that replaced the area by means of their singular, incredible accomplishments.
This is the 1st publication to examine the heritage of globalization in the course of the lens of people who did anything transformative, instead of describing globalization via tendencies, rules, or specific industries. From Silk to Silicon tells the tale of who those women and men have been, what they did, how they did it and the way their achievements proceed to form our international this day. They include:
• Genghis Khan, who united east and west by means of conquest and through establishing new alternate routes equipped on groundbreaking transportation, communications, and administration innovations.
• Mayer Amschel Rothschild, who arose from an oppressive Jewish ghetto to set up the main strong financial institution the realm has visible, and ushered in an period of worldwide finance.
• Cyrus Field, who grew to become the daddy of worldwide communications by means of top the trouble to construct the transatlantic telegraph, the forerunner to international radio, television, and the global Internet.
• Margaret Thatcher, whose arguable guidelines opened the gusher of considerably loose markets that associated economies throughout borders.
• Andy Grove, a Hungarian refugee from the Nazis who equipped the company—Intel—that discovered how you can manufacture complicated laptop chips on a mass, advertisement scale and laid the root for Silicon Valley’s machine revolution.
Through those tales Jeffrey E. Garten unearths the typical hyperlinks among those determine and probes severe questions together with: How a lot impact can anyone individual have in essentially altering the realm? and the way have earlier traits in globalization affected the current and the way will they form the longer term? From Silk to Silicon is a vital ebook to realizing the past—and the future—of the main strong strength of our times.
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Additional resources for From Silk to Silicon: The Story of Globalization Through Ten Extraordinary Lives
Sample text
Buckmaster. 1976. "Further Evidence on the Tie-Series Properties of Accounting Income. " Journal of Finance (December): 1359-73. Chopra, Navin; Josef Lakonishok; and Jay R. Ritter. 1992. " Forthcoming in Journal of Financial Economics. M. 1992. " Working paper, School of Business, University of Wisconsin-Madison Uanuary). , and Richard H. Thaler. 1985. " Journal of Finance Uuly): 793-805. 1987. "Further Evidence on Investor Overreaction and Stock Market Seasonality. " Journal of Finance Uuly): 557-81.
5. Conclusion Previous research finds mean reversion in stock prices, both cross-sectionally (De Bondt and Thaler 1985, Ball and Kothari 1989, and Chopra et al. 1991) and at the aggregate level (Fama and French 1988, Poterba and Summers 1988). Broadly speaking, this phenomenon could have three sets of (not mutually exclusive) explanations. One view is that mean reversion does not really exist but amounts to a statistical artifact. A second view is that mean reversion is to be expected if either the objective riskiness of a stock or the rationally required compensation for risk systematically changes through time, perhaps with the business cycle.
De Bondt. 1992. " Working Paper, School of Business, University of Wisconsin (January). Zarowin, Paul. 1989. " Journal of Finance (December): 13851400.
From Silk to Silicon: The Story of Globalization Through Ten Extraordinary Lives by Jeffrey E. Garten
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