This is the first book that presents the theory of stochastic integral using the generalized Riemann approach. Readers who are familiar with undergraduate calculus and want to have an easy access to the theory of stochastic integral will find most of this book pleasantly readable, especially the first four chapters. The references to the theory of classical stochastic integral and stochastic processes are also included for the convenience of readers who are familiar with the measure theoretic approach.
The story of Penang would be incomplete without the Big Five Hokkien families (the Khoo, the Cheah, the Yeoh, the Lim, and the Tan). It was the Big Five who played a preponderant role not only in transforming Penang into a regional entrepot and a business and financial base, but also in reconfiguring maritime trading patterns and the business orientation of the region in the nineteenth century. Departing from the colonial vantage point, this book examines a web of transnational, hybrid and fluid networks of the Big Five comprising of family relationship, sworn brotherhood, political alliance and business partnerships, which linked Penang and its surrounding states (western Malay states, southwestern Siam, southern Burma, and the north and eastern coasts of Sumatra) together to form one economically unified geographical region, having inextricable links to China and India. With these intertwining networks, the Big Five succeeded in establishing their dominance in all the major enterprises (trade, shipping, cash crop planting, tin mining, opium revenue farms), which constituted the linchpin of Penang's and its region's economy. By disentangling and dissecting this intricate web of networks, this book reveals the rise and decline of the Hokkien mercantile families' nearly century-long economic ascendancy in Penang and its region."e;Wong Yee Tuan's study of the five clans of Penang represents a major breakthrough in the study of the Malayan Chinese. He documents an extremely important aspect of the nineteenth-century Asian diaspora, exposing the intricate links between families, businesses, secret societies, revenue farms and public life of some of the key groups of Chinese in Penang and northern Malaya. The book weaves together the various strands of overseas Chinese life not only in Malaya, but also in the Netherlands Indies, Siam and China. Most importantly, it shows the process by which the Chinese leaders gained political, economic and social power as well as the way by which these powers were lost."e;- Carl A. Trocki, Emeritus Professor, Asian Studies, Queensland University of Technology, Australia"e;This volume can be situated within a growing historiographical current whereby regional studies of connections, networks and interactions are gradually transcending national histories. Incorporating commercial, ethnic and social elements, the history presented can be concurrently seen as a business case study, a sociological exploration, a political economy treatise and an inquiry into Hokkien networking. Wong Yee Tuan is to be congratulated on this signal study in how local, national and broader regional histories can be integrated."e;- Geoffrey Wade, ANU College of Asia and the Pacific, Australian National University"e;By aligning family, socio-political and business interests, the leading Penang Hokkien clans centralized their 'home port' as a hub of regional commercial networks, thus successfully extending the trading colonies of Chinese diaspora westward to the edge of the Indian Ocean. Wong has fastidiously researched and compellingly proven this, with a clear eye for relevant cross-cultural collaborations with indigenous and international actors. The important legacy of the 'Big Five' clanhouses is now firmly embedded in the George Town World Heritage Site, inciting further inquiry into the cultural formation of collective entrepreneurship in Southeast Asia."e;- Khoo Salma Nasution, Heritage Advocate and Local Historian, Penang
In recent years the narrative surrounding China’s “peaceful rise” has given way to a more ominous story of friction, ambition, and great-power rivalry. As Chinese foreign policy has grown more nationalist and assertive, its intensifying competition with the U.S. has assumed center stage. The impact on China's neighbors, by contrast, and their evolving responses, have received comparatively less attention. The Realist theory of international relations suggests the rapid accumulation of power by one nation-state will prompt its neighbors and peers to adopt Balancing strategies. They will strive enhance their internal defense capabilities and forge new external security partnerships to hedge against this potential new threat. Have these predictions rung true? Are key Indo-Pacific capitals Balancing, and drawing closer to the U.S. as insurance against Chinese aggression? Or is China a new breed of rising power, challenging traditional theories of international relations in a newly-globalized, economically interdependent world? In Asia’s Quest for Balance: China’s Rise and Balancing in the Indo-Pacific leadingauthor-experts from Australia, India, Indonesia, Japan, Malaysia, Myanmar, the Philippines, Singapore, and Vietnam explore these questions and more, decoding China’s complex and evolving relationships with its neighbors and exploring how their responses are altering the security landscape of the region. Contributions by Jay L. Batongbacal, Elliot Brennan, Tetsuo Kotani, Evan A. Laksmana, Joseph Chinyong Liow, Hunter Marston, Rory Medcalf, Sylvia Mishra, C. Raja Mohan, Prashanth Parameswaran, Jeff M. Smith, Tran Truong Thuy, and Ha Anh Tuan
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