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The Political Economy of Sovereign Default

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ISBN: 9782940503070 9782940503087 Year: Language: English
Publisher: Graduate Institute Publications
Added to DOAB on : 2017-10-09 11:02:38
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What do self-interested governments’ needs to maintain loyal groups of supporters imply for sovereign incentives to repay debt? Many sovereign defaults have occurred at relatively low levels of debt, while some highly indebted nations continue to honour their obligations. This poses a problem for traditional models of sovereign debt, which rely on the threat of economic sanctions to explain why and when a representative agent seeking to maximise social welfare would choose debt-repayment. The...

Bridging Transcultural Divides: Asian Languages and Cultures in Global Higher Education

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ISBN: 9781922064318 Year: Pages: 286 DOI: 10.1017/9781922064318 Language: English
Publisher: University of Adelaide Press
Subject: Education
Added to DOAB on : 2012-09-27 02:30:54
License: University of Adelaide Press

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This volume presents the diverse approaches and achievements of scholars of Asian cultures and languages in today’s global academy. Recent vast increases in student numbers and ethnic diversity have created pressing challenges for a higher education which engages with contemporary concerns for Asian societies as well as for Asian students involved in Western education. This collection of scholarly analyses demonstrates the centrality and significance of Asian Studies and languages for these globalising academic communities. Significantly, it demands a rethinking of traditional ‘intercultural’ education. In so doing, it brings empirical knowledge as well as multicultural interpretation and multilingual expertise to throw new light on the challenges in higher education today, and to open up new understandings of the demands of the future. - Professor John Makeham Head, Department of Chinese Studies, The Australian National University

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