Summary Of Martin Chorzempas The Cashless Revolution
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| Author | : Everest Media, |
| Publisher | : Everest Media LLC |
| Total Pages | : 32 |
| Release | : 2022-10-22T22:59:00Z |
| Genre | : History |
| ISBN | : |
Please note: This is a companion version & not the original book. Sample Book Insights: #1 In the early 1990s, when I was working in Beijing, I saw how the internet was the future of finance. A billion Chinese people now have an abundant choice of investments, loans, payments, and a host of conveniences, some of which surpass what is available in the United States. #2 Chinese tech companies Tencent and Alibaba were able to overcome the payment issue by building their own systems, which they then integrated into their platforms to offer a full range of services. #3 China’s fintech industry was a product of political support, which allowed tech companies to break through the moat surrounding state-owned banks and disrupt them. #4 Chinese tech companies Tencent and Alibaba were able to overcome the payment issue by building their own systems, which they then integrated into their platforms to offer a full range of services.
| Author | : Martin Chorzempa |
| Publisher | : PublicAffairs |
| Total Pages | : 258 |
| Release | : 2022-10-04 |
| Genre | : Business & Economics |
| ISBN | : 1541700724 |
Financial Times, Best Books of 2022: Economics The startling picture of how China’s revolution in finance and technology is changing both Wall Street and the way individuals manage their personal finances. The future of finance – the way Wall Street operates and how individuals manage their money - is on the verge of upheaval. And the force underlying the change comes from China, where finance and technology are being merged into a system with consequences that resonate far beyond China’s border. The changes of this global revolution in finance and technology - fintech - will be as powerful as those wrought in social media, retailing and advertising by giants such as Amazon, Facebook, Google, and Twitter, which have overturned how we shop and communicate. China reinvented money with lightning speed, transforming a backward, antiquated cash-based finance system into one centered on super-apps created by technology giants Alibaba and Tencent. More powerful than anything available outside of China, they allow their billion users to pay, borrow, invest, buy goods and services, travel, chat (and far more) all fused together in one mobile phone application. Think Facebook, Google, Twitter, Goldman Sachs, Amazon, J.P. Morgan Chase all rolled into one app. We in the West need to understand China’s cashless revolution for reasons ranging from the macroeconomic to issues of personal liberty: The cutting edge of finance is now in China, forcing major financial firms in the United States and the West to figure out how not to be left behind.. China’s cashless revolution is also a harbinger of our future if we let the genie out of the bottle and allow big tech to become big finance. As money goes digital and central banks around the world consider launching digital currencies, we may have both immense convenience and a frightening concentration of power that could violate our privacy, stifle competition, increase financial risk, and give big firms or the government more control over our financial lives. And, once this genie is out of the bottle, the struggle to put it back in may be impossible.
| Author | : Martin Chorzempa |
| Publisher | : Hachette UK |
| Total Pages | : 258 |
| Release | : 2022-10-04 |
| Genre | : Business & Economics |
| ISBN | : 1541700724 |
Financial Times, Best Books of 2022: Economics The startling picture of how China’s revolution in finance and technology is changing both Wall Street and the way individuals manage their personal finances. The future of finance – the way Wall Street operates and how individuals manage their money - is on the verge of upheaval. And the force underlying the change comes from China, where finance and technology are being merged into a system with consequences that resonate far beyond China’s border. The changes of this global revolution in finance and technology - fintech - will be as powerful as those wrought in social media, retailing and advertising by giants such as Amazon, Facebook, Google, and Twitter, which have overturned how we shop and communicate. China reinvented money with lightning speed, transforming a backward, antiquated cash-based finance system into one centered on super-apps created by technology giants Alibaba and Tencent. More powerful than anything available outside of China, they allow their billion users to pay, borrow, invest, buy goods and services, travel, chat (and far more) all fused together in one mobile phone application. Think Facebook, Google, Twitter, Goldman Sachs, Amazon, J.P. Morgan Chase all rolled into one app. We in the West need to understand China’s cashless revolution for reasons ranging from the macroeconomic to issues of personal liberty: The cutting edge of finance is now in China, forcing major financial firms in the United States and the West to figure out how not to be left behind.. China’s cashless revolution is also a harbinger of our future if we let the genie out of the bottle and allow big tech to become big finance. As money goes digital and central banks around the world consider launching digital currencies, we may have both immense convenience and a frightening concentration of power that could violate our privacy, stifle competition, increase financial risk, and give big firms or the government more control over our financial lives. And, once this genie is out of the bottle, the struggle to put it back in may be impossible.
| Author | : Fei-Ling Wang |
| Publisher | : State University of New York Press |
| Total Pages | : 374 |
| Release | : 2024-02-01 |
| Genre | : Political Science |
| ISBN | : 1438496605 |
Following its two prequels, The China Order (2017) and The China Record (2023), this book analyzes the China Race, the global competition for power and leadership between the US-led West and the People's Republic of China. Considering the organizational options and optimality with respect to human civilization, Fei-Ling Wang discusses two alternative world orders: the Westphalian System of international relations and a centralized world political unification. Both are feasible and existed before, but with drastically different desirability. The rising power of the PRC state has consistently and methodically sought to recenter and reorganize the world to safeguard and promote its autocracy and, ultimately, build a world empire. Examining the nature, aims, means, accomplishments, pitfalls and failures of Beijing's foreign policy and the state of and developments in Sinology and the West's China policy, Wang focuses on the existential PRC-USA rivalry and proposes a holistic strategic framework, discussing three ranked objectives, for the West and the world, including the Chinese people, to manage, benefit from, and prevail in the China Race.
| Author | : Richard Turrin |
| Publisher | : |
| Total Pages | : 402 |
| Release | : 2021-04-16 |
| Genre | : |
| ISBN | : 9781949642728 |
Cashless dives into the design and use of China's new central bank digital currency.
| Author | : Ernest J. Wilson (III.) |
| Publisher | : MIT Press |
| Total Pages | : 462 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : 9780262232302 |
An analysis of the problems and possibilities of the information revolution in developing countries, taking into account political, institutional, and cultural dynamics and structures.
| Author | : Rogier Creemers |
| Publisher | : Rowman & Littlefield |
| Total Pages | : 261 |
| Release | : 2023-10-16 |
| Genre | : Philosophy |
| ISBN | : 1538184427 |
China’s emergence as a technology leader has become a major factor in geopolitics, transforming global political and economic relationships. In its bid to achieve digital great power status, China’s government has reformed laws and policies, drastically increased investment, and become more assertive internationally. Chinese companies have expanded at home and abroad, but relationships between government and the private sector have sometimes been fractious. The Emergence of China’s Smart State assesses the extent to which the Chinese government has been able to achieve its ambitious digital goals, and more broadly, how this reflects rapidly changing domestic and international political and economic dynamics surrounding China’s rise as a major technology player. This is the first book of its kind, interrogating the complex, dynamic interactions between political, market, and technological factors that structure China’s digital development. It will provide information and intellectual frameworks for scholars, policymakers, and professionals to appreciate the complexity of China’s digital policy landscape, the process of learning and iteration the Party continues to experience as external events impact the policy process, and the impact China’s innovation policies, regulations, and achievements have had, or may have, in the future.
| Author | : Karen G. Mills |
| Publisher | : Springer Nature |
| Total Pages | : 285 |
| Release | : 2024 |
| Genre | : Banks and banking |
| ISBN | : 3031556127 |
Small businesses are the backbone of the U.S. economy. They are the biggest job creators and offer a path to the American Dream. But for many, it is difficult to get the capital they need to operate and succeed. In Fintech, Small Business & the American Dream, former U.S. Small Business Administrator and Senior Fellow at Harvard Business School, Karen G. Mills, focuses on the needs of small businesses for capital and how technology will transform the small business lending market. This is a market that has been plagued by frictions: it is hard for a lender to figure out which small businesses are creditworthy, and borrowers often don't know how much money or what kind of loan they need. Every small business is different; one day the borrower is a dry cleaner and the next a parts supplier, making it difficult for lenders to understand each business's unique circumstances. Today, however, big data and artificial intelligence have the power to illuminate the opaque nature of a small business's finances and make it easier for them access capital to weather bumpy cash flows or to invest in growth opportunities. Beginning in the dark days following the 2008-9 recession and continuing through the crisis of the Covid-19 Pandemic, Mills charts how fintech has changed and will continue to change small business lending. In the new fintech landscape financial products are embedded in applications that small business owners use on daily basis, and data powered algorithms provide automated insights to determine which businesses are creditworthy. Digital challenger banks, big tech and traditional banks and credit card companies are deciding how they want to engage in the new lending ecosystem. Who will be the winners and losers? How should regulators respond? In this pivotal moment, Mills elucidates how financial innovation and wise regulation can restore a path to the American Dream by improving access to small business credit. An ambitious book grappling with the broad significance of small business to the economy, the historical role of credit markets, the dynamics of innovation cycles, and the policy implications for regulation, this second edition of Fintech, Small Business & the American Dream is relevant to bankers, regulators and fintech entrepreneurs and investors; in fact, to anyone who is interested in the future of small business in America.
| Author | : Irene Yuan Sun |
| Publisher | : Harvard Business Press |
| Total Pages | : 233 |
| Release | : 2017-10-17 |
| Genre | : Business & Economics |
| ISBN | : 1633692825 |
A Best Business Book of 2017 -- The Financial Times China is now the biggest foreign player in Africa. It's Africa's largest trade partner, the largest infrastructure financier, and the fastest-growing source of foreign direct investment. Chinese entrepreneurs are flooding into the continent, investing in long-term assets such as factories and heavy equipment. Considering Africa's difficult history of colonialism, one might suspect that China's activity there is another instance of a foreign power exploiting resources. But as author Irene Yuan Sun vividly shows in this remarkable book, it is really a story about resilient Chinese entrepreneurs building in Africa what they so recently learned to build in China--a global manufacturing powerhouse. The fact that China sees Africa not for its poverty but for its potential wealth is a striking departure from the attitude of the West, particularly that of the United States. Despite fifty years of Western aid programs, Africa still has more people living in extreme poverty than any other region in the world. Those who are serious about raising living standards across the continent know that another strategy is needed. Chinese investment gives rise to a tantalizing possibility: that Africa can industrialize in the coming generation. With a manufacturing-led transformation, Africa would be following in the footsteps of the United States in the nineteenth century, Japan in the early twentieth, and the Asian Tigers in the late twentieth. Many may consider this an old-fashioned way to develop, but as Sun argues, it's the only one that's proven to raise living standards across entire societies in a lasting way. And with every new Chinese factory boss setting up machinery and hiring African workers--and managers--that possibility becomes more real for Africa. With fascinating and moving human stories along with incisive business and economic analysis, The Next Factory of the World will make you rethink both China's role in the world and Africa's future in the globalized economy.
| Author | : T. N. Srinivasan |
| Publisher | : Columbia University Press |
| Total Pages | : 182 |
| Release | : 2003-05-01 |
| Genre | : Business & Economics |
| ISBN | : 0881324442 |
After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been maintained. According to the World Bank, only 10 out of 145 countries had more rapid growth than India at over 6 percent per year in the 1990s and two had the same as India's. In this study, T.N. Srinivasan and Suresh D. Tendulkar analyze the economics and politics of India's recent and growing integration with the world economy. They argue that this process has to be nurtured and accelerated if India is to eradicate its poverty and take its rightful place in the global economic system.The study covers the historical roots and the political economy of India's late integration; domestic and external constraints on integration; external capital inflows including foreign direct investment; and India's emerging comparative advantage in the information technology industry and services, particularly computer software. The final chapter offers policy recommendations including proposals that India could make at the ongoing Doha Round of multilateral trade negotiations.
