With the establishment of the Hainan Free Trade Zone(FTZ),the internationalization of English education has become a key element of the region’s educational reform efforts.As globalization intensifies,fostering an in...With the establishment of the Hainan Free Trade Zone(FTZ),the internationalization of English education has become a key element of the region’s educational reform efforts.As globalization intensifies,fostering an internationalized English education system is crucial for improving the competitiveness and global positioning of the Hainan FTZ.This study explores the multiple pathways and strategies for promoting the internationalization of English education in the Hainan FTZ,focusing on aspects such as policy support,curriculum reform,teacher training,international collaboration,and the effective allocation of educational resources.By examining the current state of English education in the region,identifying key challenges,and drawing insights from successful domestic and international cases-particularly from free trade zones elsewhere-this paper offers actionable recommendations.These suggestions aim to enhance the region’s educational outcomes,thereby bolstering the Hainan FTZ’s broader objectives of economic growth and enhanced global connectivity.The proposed strategies also seek to elevate the international stature of the Hainan FTZ as a regional hub for talent development,international exchange,and soft power enhancement.展开更多
In the context of education internationalization,the internationalization of higher education has become a major trend in the field of education in most countries,with international student education as the core.This ...In the context of education internationalization,the internationalization of higher education has become a major trend in the field of education in most countries,with international student education as the core.This phenomenon promotes cultural exchanges and integration among countries as well as higher education reform,which is of great significance in enhancing the international influence of higher education in each country.However,there are also some challenges faced by higher education students when studying abroad.The article digs into the origin and history of studying abroad,analyzes the current situation and reasons for higher education students in China to study abroad,discusses the opportunities and challenges faced by higher education students in China when studying abroad,and analyzes the trend of studying abroad in China.展开更多
The outward student mobility has been recognized as an instrument for the internationalization of higher education(IHE)world-widely and in the UK.This paper intends to critically review the existing literature in orde...The outward student mobility has been recognized as an instrument for the internationalization of higher education(IHE)world-widely and in the UK.This paper intends to critically review the existing literature in order to identify the current trend and issues of the UK outward student mobility under the IHE.It points out that the focus of current international educational activities is attracting foreign/inward students out of the economic impetus in the UK.Consequently,the outward student mobility is given the less recognition than the inward one in the UK policy-making and researches,which could lead the imbalanced gains for UK-domiciled students.Thus,it suggests that both the UK government education sectors and institutions should more develop the outward student mobility;moreover,future researches could investigate more about outward students’personal development.展开更多
Private universities are one of the forces driving the internationalization of higher education in China.Private universities are taking advantage of the trend to provide education for international students,playing a...Private universities are one of the forces driving the internationalization of higher education in China.Private universities are taking advantage of the trend to provide education for international students,playing an important role in the high-quality development of higher education in China.However,they also face challenges such as insufficient policy support,lack of management experience,and limited enrollment channels.Breakthroughs can be made through methods such as refining content,expanding enrollment channels,and attracting talent.展开更多
There is limited information about intercultural communication during the process of accounting internationalization,and Chinese accounting still has a long way to go because of the disparity in accounting principles,...There is limited information about intercultural communication during the process of accounting internationalization,and Chinese accounting still has a long way to go because of the disparity in accounting principles,business culture and so on.This paper talks about the necessity of accounting internationalization and the importance of intercultural communication skill,aiming at reminding people that a good command of intercultural communication skill is a must.Some suggestions are given in hope of contributing to cross-cultural communication during the process of Chinese accounting internationalization.展开更多
Taking the four approaches to internationalization of education as the departure point,the paper analyzes internationalization of higher education in OECD countries.
The correlation between Renminbi(RMB) internationalization and nonferrous metal prices was studied using the nonlinear Granger causality test and the dynamic conditional correlation-generalized autoregressive conditio...The correlation between Renminbi(RMB) internationalization and nonferrous metal prices was studied using the nonlinear Granger causality test and the dynamic conditional correlation-generalized autoregressive conditional heteroskedastic(DCC-GARCH) model. The results indicate that the relationship between RMB internationalization and nonferrous metal prices reflects a complex nonlinear mechanism. There was no mutual influence between RMB internationalization and nonferrous metal prices prior to the trials of the RMB settlement in the cross-border trade in July 2009. Since then, however, a bidirectional causal relationship between RMB internationalization and the price of copper and a unidirectional causal relationship from the price of aluminum to RMB internationalization were examined. In addition, due to the impact of extreme events, such as economic and financial crises, RMB internationalization and nonferrous metal prices are not always positively correlated but are rather occasionally negatively correlated.展开更多
Expediting the RMB internationalization in countries along the Belt and Road routes will knock down bottlenecks affecting Chinese investors in exchange rates, financing, and debts, and increase capital resources for t...Expediting the RMB internationalization in countries along the Belt and Road routes will knock down bottlenecks affecting Chinese investors in exchange rates, financing, and debts, and increase capital resources for these countries.展开更多
With the rapid rise of China’s economy and the deployment of the Belt and Road Initiative,traditional Chinese medicine(TCM),one of the main components of Chinese culture,has become an important aspect of foreign exch...With the rapid rise of China’s economy and the deployment of the Belt and Road Initiative,traditional Chinese medicine(TCM),one of the main components of Chinese culture,has become an important aspect of foreign exchange.Therefore,recent research has focused on how to effectively spread TCM culture internationally and improve TCM acceptance.Australia is currently a representative region with decent TCM development.Taking TCM development in Australia as a starting point,this article analyzes the challenges in TCM development,discusses countermeasures to address these issues,and provides recommendations for improving the international development and dissemination of TCM.展开更多
The internationalization of education and the implementation of bilingual education are the inevitable choice to promote the reform of education and teaching that improve the professional competitive advantage and car...The internationalization of education and the implementation of bilingual education are the inevitable choice to promote the reform of education and teaching that improve the professional competitive advantage and carry out the internationalization strategy. Since this article according to touches on foreign affairs the institute to found succeeds the experience background and the foundation, the encompassment "the education internationalization" this "touches on foreign affairs the characteristic" the school idea, elaborated building "the bilingual education" the environment and speeds up in the education internationalization process the measure research and the implementation, managed by the people touches on foreign affairs the higher vocational education by this promotion to speed up moves towards the internationalization the step.展开更多
This essay will attempt to explore the position of Chinese higher education in the face of various challenges in the context of internationalization,and how Chinese governments,universities as well as educators should...This essay will attempt to explore the position of Chinese higher education in the face of various challenges in the context of internationalization,and how Chinese governments,universities as well as educators should take effective measures to tackle these issues despite the fact that there are great accomplishments achieved by them in promoting internationalization in China.展开更多
Supported by the "Special Fund for Key Academic Journals" of the National Natural Science Foundation of China, World Journal of Gastroenterology (WJG ) has become a high-impact international clinical medical...Supported by the "Special Fund for Key Academic Journals" of the National Natural Science Foundation of China, World Journal of Gastroenterology (WJG ) has become a high-impact international clinical medical journal due to the great efforts of Professor LianSheng Ma, Editor-in-Chief, and his team over several years. Now, WJG has successfully achieved a high degree of internationalization and sets a good example for other Chinese academic journals.展开更多
China is the main silk producer in the world, whose RSS (Raw Silk Standard)is widely approved in international trade. After entering WTO, China needs to revise the RSSaccording to the changes of silk industry and deve...China is the main silk producer in the world, whose RSS (Raw Silk Standard)is widely approved in international trade. After entering WTO, China needs to revise the RSSaccording to the changes of silk industry and develop advanced electronic testing system and improvetesting means, so as to promote the internationlization of the RSS. 1. The international standingof Chinese silk The silk consisting of 18 amino acids has the similar protein structure to people'sskin. It is enjoyed by most people for it' s comfortable, magnificent and noble features and ispraised to be the second skin for its unique effects on health and adjusting the body water. In the21st century, silk is the main international fashion as the representative of green products.展开更多
Promoting the internationalization of the RMB in Latin America is not only a requirement of the China-Latin American relationship and of China’s reform and opening-up policy in the financial sectors, but is also a st...Promoting the internationalization of the RMB in Latin America is not only a requirement of the China-Latin American relationship and of China’s reform and opening-up policy in the financial sectors, but is also a strategic choice. With the support of internal, external and bilateral factors,China and Latin American countries have seen a lot progress in RMB trade settlement, investment, financing, and so on, yet Latin American countries’ willingness to use the RMB is still low, there is an obvious shortage of exchange mechanisms, and currency cooperation between them may face more obstacles as China-US competition intensifies. Under these circumstances, in order to further promote the internationalization of the RMB in Latin America, China should seize the opportunity of Latin America’s participation in the Belt and Road Initiative and their demand for currency diversification, as well as the friction between the US-Latin American relationship, start reducing the shortage of institutional exchange mechanisms, and plan for the RMB internationalization process in Latin America at a strategic level.展开更多
Purpose:The aim of this study is to analyze the evolution of international research collaboration from 1980 to 2021.The study examines the main global patterns as well as those specific to individual countries,country...Purpose:The aim of this study is to analyze the evolution of international research collaboration from 1980 to 2021.The study examines the main global patterns as well as those specific to individual countries,country groups,and different areas of research.Design/methodology/approach:The study is based on the Web of Science Core collection database.More than 50 million publications are analyzed using co-authorship data.International collaboration is defined as publications having authors affiliated with institutions located in more than one country.Findings:At the global level,the share of publications representing international collaboration has gradually increased from 4.7%in 1980 to 25.7%in 2021.The proportion of such publications within each country is higher and,in 2021,varied from less than 30%to more than 90%.There are notable disparities in the temporal trends,indicating that the process of internationalization has impacted countries in different ways.Several factors such as country size,income level,and geopolitics may explain the variance.Research limitations:Not all international research collaboration results in joint co-authored scientific publications.International co-authorship is a partial indicator of such collaboration.Another limitation is that the applied full counting method does not take into account the number of authors representing in each country in the publication.Practical implications:The study provides global averages,indicators,and concepts that can provide a useful framework of reference for further comparative studies of international research collaboration.Originality/value:Long-term macro-level studies of international collaboration are rare,and as a novelty,this study includes an analysis by the World Bank’s division of countries into four income groups.展开更多
Internationalization of the renminbi is the only option for China to fully integrate into the global economic and financial systems. It is not only necessary but imperative as well. With the discussion of advancing re...Internationalization of the renminbi is the only option for China to fully integrate into the global economic and financial systems. It is not only necessary but imperative as well. With the discussion of advancing renminbi internationalization, benef its and costs must be addressed. We need to closely monitor possible risks and bring out the benefits while averting disadvantages. The overall strategy is to consolidate the groundwork and at the same time actively advance renminbi internationalization and opt for a "three-step" strategy at both strategic and policy levels. To overcome the constraints standing in the way of renminbi internationalization, the basic goals should be: to enhance the readiness of renminbi internationalization, dialectically assess the preconditions, and increase the currency's international circulation as a way to achieve major progress in renminbi internationalization.展开更多
The recent global financial crisis has revealed great defects in the US dollar dominated international monetary system.In response,countries and international organizations have developed numerous proposals for reform...The recent global financial crisis has revealed great defects in the US dollar dominated international monetary system.In response,countries and international organizations have developed numerous proposals for reform of the system.With China's growing economic presence,the renminbi is gaining recognition and acceptance in international markets and is slowly beginning to play a significant role in trade settlement and offshore market development.Meanwhile,it is important to remain aware of the limitations of renminbi internationalization and the gaps that exist between it and other major world currencies.Once fully implemented,renminbi internationalization will result in it becoming a major currency on the world stage in approximately 15 years.展开更多
President Xi Jinping put forward that, "China will further push the open economy to a higher level by enlarging its scale, expanding its area, and deepening its degree." This proposal provides new perspectiv...President Xi Jinping put forward that, "China will further push the open economy to a higher level by enlarging its scale, expanding its area, and deepening its degree." This proposal provides new perspectives for RMB internationalization. The new path of RMB internationalization shall be achieved under the Belt and Road Initiative and be a new option that is di erent from the "Three-Stage Theory" and regional monetary cooperation. RMB internationalization can only be realized through a government-driven mode with Chinese characteristics which shows the fundamental di erence from the internationalization of other currencies such as the US Dollar, Euro and Japanese Yen. The Chinese government can realize the strategic objective of RMB internationalization through improving national governance, applying policies and tools for macroeconomic regulation, and implementing the Belt and Road Initiative, as well as the operation of its nancial industry, the Silk Road Fund(SRF), and that of regional banks like the Asian Infrastructure Investment Bank(AIIB) and the BRICS New Development Bank(NDB). RMB internationalization is an important objective of China's political and economic development. Efforts must be made to steadily promote market-oriented reform of the RMB exchange rate and its forming mechanism, and reform of capital account convertibility so that RMB can become the leading global reserve currency. Meanwhile, China will also undertake more responsibilities as a major power for stable development of the international economy and nance.展开更多
Nowadays internationalization is no longer a luxury for companies and becomes a necessity in order to survive in the market and ensure its durability over time.This justifies the structure of a internationalization pl...Nowadays internationalization is no longer a luxury for companies and becomes a necessity in order to survive in the market and ensure its durability over time.This justifies the structure of a internationalization plan(IP)for a small company(SEC),in order to modify its value curve against the competition and guarantee a sustained growth development in new markets.This paper presents a strategic analysis of a small construction company dedicated to the elaboration of finishes for walls,floors,and concrete architecture.A situational analysis was carried out to see what would be the most appropriate international strategy for the company.Tools,such as:(a)SWOT(strengths,weaknesses,opportunities,threats)Analysis,(b)PEST(political,economic,social,and technological)Analysis,(c)Internal Factors Evaluation Matrix(IFE),and(d)External Factors Evaluation Matrix(EFE Assessment Matrix),were used to identify the current standing of the SEC.The canvas model and the competitive profile matrix were used to make the connection with the strategic position of the SEC against the desire of internationalization.Likewise,an analysis of the external factors was carried out showing a significant growth of 4.6%in the specialized sub-sector,as well as a tense business landscape driven by the political situation between Mexico and the United States.展开更多
Despite of Egypt is facing a period of political uncertainty, some Italian firms have a great interest in operating business in Egypt. Egypt has bilateral agreements with Italy since 2007. As a result of this relation...Despite of Egypt is facing a period of political uncertainty, some Italian firms have a great interest in operating business in Egypt. Egypt has bilateral agreements with Italy since 2007. As a result of this relation, Italy has become a strategic partner for Egypt, gaining a growing importance in the Middle East. Egypt is, also, an important trading partner for the Italy. Political and economic relationship between Egypt and Italy has increased the interest in analyzing risks and opportunities for Italian firms that would like to operate in Egypt. However studies focused on this topic are still missing. With the aim to fill this gap, this article presents a study based on face to face interviews to some Egyptian senior-executives who manage in Egypt productive centres and representative offices of Italian finns. These interviews led to evidence opportunities and risks that Italian firms have to face operating business in Egypt.展开更多
文摘With the establishment of the Hainan Free Trade Zone(FTZ),the internationalization of English education has become a key element of the region’s educational reform efforts.As globalization intensifies,fostering an internationalized English education system is crucial for improving the competitiveness and global positioning of the Hainan FTZ.This study explores the multiple pathways and strategies for promoting the internationalization of English education in the Hainan FTZ,focusing on aspects such as policy support,curriculum reform,teacher training,international collaboration,and the effective allocation of educational resources.By examining the current state of English education in the region,identifying key challenges,and drawing insights from successful domestic and international cases-particularly from free trade zones elsewhere-this paper offers actionable recommendations.These suggestions aim to enhance the region’s educational outcomes,thereby bolstering the Hainan FTZ’s broader objectives of economic growth and enhanced global connectivity.The proposed strategies also seek to elevate the international stature of the Hainan FTZ as a regional hub for talent development,international exchange,and soft power enhancement.
文摘In the context of education internationalization,the internationalization of higher education has become a major trend in the field of education in most countries,with international student education as the core.This phenomenon promotes cultural exchanges and integration among countries as well as higher education reform,which is of great significance in enhancing the international influence of higher education in each country.However,there are also some challenges faced by higher education students when studying abroad.The article digs into the origin and history of studying abroad,analyzes the current situation and reasons for higher education students in China to study abroad,discusses the opportunities and challenges faced by higher education students in China when studying abroad,and analyzes the trend of studying abroad in China.
基金Guangdong University Teaching Quality Assurance and Reform Project“The English Teaching Team Construction”(No.2020SZL03).
文摘The outward student mobility has been recognized as an instrument for the internationalization of higher education(IHE)world-widely and in the UK.This paper intends to critically review the existing literature in order to identify the current trend and issues of the UK outward student mobility under the IHE.It points out that the focus of current international educational activities is attracting foreign/inward students out of the economic impetus in the UK.Consequently,the outward student mobility is given the less recognition than the inward one in the UK policy-making and researches,which could lead the imbalanced gains for UK-domiciled students.Thus,it suggests that both the UK government education sectors and institutions should more develop the outward student mobility;moreover,future researches could investigate more about outward students’personal development.
文摘Private universities are one of the forces driving the internationalization of higher education in China.Private universities are taking advantage of the trend to provide education for international students,playing an important role in the high-quality development of higher education in China.However,they also face challenges such as insufficient policy support,lack of management experience,and limited enrollment channels.Breakthroughs can be made through methods such as refining content,expanding enrollment channels,and attracting talent.
文摘There is limited information about intercultural communication during the process of accounting internationalization,and Chinese accounting still has a long way to go because of the disparity in accounting principles,business culture and so on.This paper talks about the necessity of accounting internationalization and the importance of intercultural communication skill,aiming at reminding people that a good command of intercultural communication skill is a must.Some suggestions are given in hope of contributing to cross-cultural communication during the process of Chinese accounting internationalization.
文摘Taking the four approaches to internationalization of education as the departure point,the paper analyzes internationalization of higher education in OECD countries.
基金Projects(71874210,71633006,71874207,71974208)supported by the National Natural Science Foundation of ChinaProject(2020CX049)supported by Innovation-Driven Foundation of Central South University,China+1 种基金Project(2018dcyj031)supported by Postgraduate Survey Research Foundation of Central South University,ChinaProject(17K103)supported by the Innovation Platform Open Fund Project of Hunan Education Department,China。
文摘The correlation between Renminbi(RMB) internationalization and nonferrous metal prices was studied using the nonlinear Granger causality test and the dynamic conditional correlation-generalized autoregressive conditional heteroskedastic(DCC-GARCH) model. The results indicate that the relationship between RMB internationalization and nonferrous metal prices reflects a complex nonlinear mechanism. There was no mutual influence between RMB internationalization and nonferrous metal prices prior to the trials of the RMB settlement in the cross-border trade in July 2009. Since then, however, a bidirectional causal relationship between RMB internationalization and the price of copper and a unidirectional causal relationship from the price of aluminum to RMB internationalization were examined. In addition, due to the impact of extreme events, such as economic and financial crises, RMB internationalization and nonferrous metal prices are not always positively correlated but are rather occasionally negatively correlated.
文摘Expediting the RMB internationalization in countries along the Belt and Road routes will knock down bottlenecks affecting Chinese investors in exchange rates, financing, and debts, and increase capital resources for these countries.
文摘With the rapid rise of China’s economy and the deployment of the Belt and Road Initiative,traditional Chinese medicine(TCM),one of the main components of Chinese culture,has become an important aspect of foreign exchange.Therefore,recent research has focused on how to effectively spread TCM culture internationally and improve TCM acceptance.Australia is currently a representative region with decent TCM development.Taking TCM development in Australia as a starting point,this article analyzes the challenges in TCM development,discusses countermeasures to address these issues,and provides recommendations for improving the international development and dissemination of TCM.
文摘The internationalization of education and the implementation of bilingual education are the inevitable choice to promote the reform of education and teaching that improve the professional competitive advantage and carry out the internationalization strategy. Since this article according to touches on foreign affairs the institute to found succeeds the experience background and the foundation, the encompassment "the education internationalization" this "touches on foreign affairs the characteristic" the school idea, elaborated building "the bilingual education" the environment and speeds up in the education internationalization process the measure research and the implementation, managed by the people touches on foreign affairs the higher vocational education by this promotion to speed up moves towards the internationalization the step.
文摘This essay will attempt to explore the position of Chinese higher education in the face of various challenges in the context of internationalization,and how Chinese governments,universities as well as educators should take effective measures to tackle these issues despite the fact that there are great accomplishments achieved by them in promoting internationalization in China.
文摘Supported by the "Special Fund for Key Academic Journals" of the National Natural Science Foundation of China, World Journal of Gastroenterology (WJG ) has become a high-impact international clinical medical journal due to the great efforts of Professor LianSheng Ma, Editor-in-Chief, and his team over several years. Now, WJG has successfully achieved a high degree of internationalization and sets a good example for other Chinese academic journals.
文摘China is the main silk producer in the world, whose RSS (Raw Silk Standard)is widely approved in international trade. After entering WTO, China needs to revise the RSSaccording to the changes of silk industry and develop advanced electronic testing system and improvetesting means, so as to promote the internationlization of the RSS. 1. The international standingof Chinese silk The silk consisting of 18 amino acids has the similar protein structure to people'sskin. It is enjoyed by most people for it' s comfortable, magnificent and noble features and ispraised to be the second skin for its unique effects on health and adjusting the body water. In the21st century, silk is the main international fashion as the representative of green products.
文摘Promoting the internationalization of the RMB in Latin America is not only a requirement of the China-Latin American relationship and of China’s reform and opening-up policy in the financial sectors, but is also a strategic choice. With the support of internal, external and bilateral factors,China and Latin American countries have seen a lot progress in RMB trade settlement, investment, financing, and so on, yet Latin American countries’ willingness to use the RMB is still low, there is an obvious shortage of exchange mechanisms, and currency cooperation between them may face more obstacles as China-US competition intensifies. Under these circumstances, in order to further promote the internationalization of the RMB in Latin America, China should seize the opportunity of Latin America’s participation in the Belt and Road Initiative and their demand for currency diversification, as well as the friction between the US-Latin American relationship, start reducing the shortage of institutional exchange mechanisms, and plan for the RMB internationalization process in Latin America at a strategic level.
文摘Purpose:The aim of this study is to analyze the evolution of international research collaboration from 1980 to 2021.The study examines the main global patterns as well as those specific to individual countries,country groups,and different areas of research.Design/methodology/approach:The study is based on the Web of Science Core collection database.More than 50 million publications are analyzed using co-authorship data.International collaboration is defined as publications having authors affiliated with institutions located in more than one country.Findings:At the global level,the share of publications representing international collaboration has gradually increased from 4.7%in 1980 to 25.7%in 2021.The proportion of such publications within each country is higher and,in 2021,varied from less than 30%to more than 90%.There are notable disparities in the temporal trends,indicating that the process of internationalization has impacted countries in different ways.Several factors such as country size,income level,and geopolitics may explain the variance.Research limitations:Not all international research collaboration results in joint co-authored scientific publications.International co-authorship is a partial indicator of such collaboration.Another limitation is that the applied full counting method does not take into account the number of authors representing in each country in the publication.Practical implications:The study provides global averages,indicators,and concepts that can provide a useful framework of reference for further comparative studies of international research collaboration.Originality/value:Long-term macro-level studies of international collaboration are rare,and as a novelty,this study includes an analysis by the World Bank’s division of countries into four income groups.
文摘Internationalization of the renminbi is the only option for China to fully integrate into the global economic and financial systems. It is not only necessary but imperative as well. With the discussion of advancing renminbi internationalization, benef its and costs must be addressed. We need to closely monitor possible risks and bring out the benefits while averting disadvantages. The overall strategy is to consolidate the groundwork and at the same time actively advance renminbi internationalization and opt for a "three-step" strategy at both strategic and policy levels. To overcome the constraints standing in the way of renminbi internationalization, the basic goals should be: to enhance the readiness of renminbi internationalization, dialectically assess the preconditions, and increase the currency's international circulation as a way to achieve major progress in renminbi internationalization.
基金National Social Sciences Foundation(Approval No.10ZD&054)China Postdoctoral Science Foundation(Approval No.2012T50193)Beijing Higher Education Young Elite Teacher Project(Approval No.YETP0226)
文摘The recent global financial crisis has revealed great defects in the US dollar dominated international monetary system.In response,countries and international organizations have developed numerous proposals for reform of the system.With China's growing economic presence,the renminbi is gaining recognition and acceptance in international markets and is slowly beginning to play a significant role in trade settlement and offshore market development.Meanwhile,it is important to remain aware of the limitations of renminbi internationalization and the gaps that exist between it and other major world currencies.Once fully implemented,renminbi internationalization will result in it becoming a major currency on the world stage in approximately 15 years.
文摘President Xi Jinping put forward that, "China will further push the open economy to a higher level by enlarging its scale, expanding its area, and deepening its degree." This proposal provides new perspectives for RMB internationalization. The new path of RMB internationalization shall be achieved under the Belt and Road Initiative and be a new option that is di erent from the "Three-Stage Theory" and regional monetary cooperation. RMB internationalization can only be realized through a government-driven mode with Chinese characteristics which shows the fundamental di erence from the internationalization of other currencies such as the US Dollar, Euro and Japanese Yen. The Chinese government can realize the strategic objective of RMB internationalization through improving national governance, applying policies and tools for macroeconomic regulation, and implementing the Belt and Road Initiative, as well as the operation of its nancial industry, the Silk Road Fund(SRF), and that of regional banks like the Asian Infrastructure Investment Bank(AIIB) and the BRICS New Development Bank(NDB). RMB internationalization is an important objective of China's political and economic development. Efforts must be made to steadily promote market-oriented reform of the RMB exchange rate and its forming mechanism, and reform of capital account convertibility so that RMB can become the leading global reserve currency. Meanwhile, China will also undertake more responsibilities as a major power for stable development of the international economy and nance.
文摘Nowadays internationalization is no longer a luxury for companies and becomes a necessity in order to survive in the market and ensure its durability over time.This justifies the structure of a internationalization plan(IP)for a small company(SEC),in order to modify its value curve against the competition and guarantee a sustained growth development in new markets.This paper presents a strategic analysis of a small construction company dedicated to the elaboration of finishes for walls,floors,and concrete architecture.A situational analysis was carried out to see what would be the most appropriate international strategy for the company.Tools,such as:(a)SWOT(strengths,weaknesses,opportunities,threats)Analysis,(b)PEST(political,economic,social,and technological)Analysis,(c)Internal Factors Evaluation Matrix(IFE),and(d)External Factors Evaluation Matrix(EFE Assessment Matrix),were used to identify the current standing of the SEC.The canvas model and the competitive profile matrix were used to make the connection with the strategic position of the SEC against the desire of internationalization.Likewise,an analysis of the external factors was carried out showing a significant growth of 4.6%in the specialized sub-sector,as well as a tense business landscape driven by the political situation between Mexico and the United States.
文摘Despite of Egypt is facing a period of political uncertainty, some Italian firms have a great interest in operating business in Egypt. Egypt has bilateral agreements with Italy since 2007. As a result of this relation, Italy has become a strategic partner for Egypt, gaining a growing importance in the Middle East. Egypt is, also, an important trading partner for the Italy. Political and economic relationship between Egypt and Italy has increased the interest in analyzing risks and opportunities for Italian firms that would like to operate in Egypt. However studies focused on this topic are still missing. With the aim to fill this gap, this article presents a study based on face to face interviews to some Egyptian senior-executives who manage in Egypt productive centres and representative offices of Italian finns. These interviews led to evidence opportunities and risks that Italian firms have to face operating business in Egypt.