Territorial rights are often perceived to create barriers and discriminate against the poor. This study challenges that notion by re-examining the cosmopolitan understanding of territory. It addresses issues from the right to vote, the right to exclude others to the legitimacy of territorial boundaries and the exploitation of natural resources.
Scholars and practitioners have known for a long time that risk plays an important, indeed central, role in determining the appropriate discount rate to be used in a sophisticated valuation model. In today's world, however, the very risk of survival, especially for financial institutions, is essential to the health of the world's capital markets and their impact on the global economy.Risk, Value and Default is a vital text for understanding the interaction between enterprise risk management with corporate valuation and corporate default. The book seeks to explore the interaction between the risk of default and enterprise risk, and their joint impact on firm valuation. It aims to address the problem of how corporations should deal with risk and how they can maximize shareholder value. It also examines various conceptual ways to measure risk, thereby bridging the gap between theoretical concepts and pragmatic application.The book combines sound conceptual analytics and empirical tools to provide useful information and tangible guidelines for firms, risk managers and financial analysts and advisors. Scholars and professionals with an interest in risk management, and managers, owners, creditors and potential investors in enterprises will find Risk, Value and Default a particularly useful guide to understanding the relationship between risk generation, risk management and corporate value and default from an interdisciplinary perspective.
Since the 1950s, Japan-Europe relations have been characterised by a mutual coldness in terms of diplomatic dialogue, punctuated by a number of trade disputes. This book analyses the development of the political and diplomatic relationship between Japan and Europe, and shows that – especially during the Cold War years – whilst they share a wide range of political values and goals, the quality of diplomatic relations has often been sacrificed to both overcome trade issues and as a result of systemic factors. Focusing on the institutionalization of relations between Japan and the EU, this book examines both the historical-diplomatic dimension and political-strategic discourse. It traces the historical development of the relationship from the post-war years, to the signing of the Japan-EU action plan in 2001, which marked a key turning point in the relationship. It goes on to examine the achievements and criticisms of ASEM, the Asia-Europe Meeting, which whilst meeting successfully for the past sixteen years, has also been condemned as little more than a talking shop. Crucially, Oliviero Frattolillo’s analysis clearly demonstrates how the interaction between Japan and the EU has been constructed on the basis of their perceptions of each other, thus underlining the inherent impact of different political identities, cultures and values on international relations. Providing a keen insight into Japan-EU relations, this book will appeal to students and scholars of Japanese and European history and politics, as well as those interested in the history of international relations and security studies.
As memories of the savage conflict inaugurated by the attack on Pearl Harbor recede, the ethical foundations that influenced postwar interpretations of Japan’s role during the Cold War era are crumbling on different fronts. Retracing Japanese history during the Sixties, this book locates the country’s role in Cold War history against the backdrop of the twentieth century, contextualizing older trends that shaped postwar changes. It also places Cold War Japan in the global context of America’s shifting hegemony and the corresponding structure of the international system. Given its nuanced approach, this book will prove instrumental for students and researchers working in studies of Cold War history, Japanese history, American history and international history.
This book looks at the critical demands imposed on directors and leaders when faced with corporate risks in turbulent global markets. It shows show why successful risk management outcomes require ethical governance principles and organizational structures that enhance effective risk-taking practices by all actors.
In the late nineteenth century, Japan was the only non-Western country to have successfully faced the challenges of Westernization. At the end of the Meiji Era, just three decades after the end of the country’s feudal age, it became Great Britain’s ally, while its soldiers were deployed in Beijing, operating alongside the great European powers. Meanwhile, in Japan, the perception of a scientifically and technologically advanced West came to be imbued by negative connotations, generated by the threatening Western presence in Asia. In order to avoid succumbing to the European imperialist yoke, Japan has itself gradually converted its international status by embracing an imperialistic identity. The new image of the world responding to the current historical situation could only result from a philosophy immersed in historicity, far from its metaphysical dimension. In a philosophy mediated by history, self-awareness would have coincided with the “historical manifestations of history”. Based on these premises, the Chūōkōron group seemed to have presented Japan’s hegemonic aspirations as an expression of its “real historical manifestation”. This sounded like an explicit declaration of ideologically supporting the country’s involvement in the war. But what is the meaning that the participants in the debates attributed to the idea of Japan’s “real historical manifestation”? The answer lies in a moral obligation that the country saw as “the duty” of world history: overcoming modern civilization while promoting a new culture.
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