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Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

This paper analysises China’s optimal scale of foreign reserve during 1985‐2004 with single ratio and synthesis ratio. The single ratio analysis shows that China’s foreign reserve to import ratio has exceeded 40 per cent after foreign exchange rate united in 1994. The foreign reserve to money supply ratio is high as 23.8 per cent, and will exceed 25 per cent of international alertness in 2005. The foreign reserve to debt ratio largely exceeded 30 per cent of international alertness. The current account balance to GDP ratio and the current account balance plus FDI to GDP ratio is out of international alertness in most years. The synthesis ratio analysis show that China’s real foreign exchange reserve exceeded foreign exchange demand of debt, FDI and import during 1996‐2004, and the exceeded ratio is close to 90 per cent in 2004. This paper also discusses influence of capital flight after 1995 and international hot money after 2002 to China’s optimal scale of foreign exchange.

International exchange students have been known for an often-neglected population in tourism research and their intention to revisit the host country has not been explored. Accordingly, the purpose of this paper is to examine the relationships among international exchange students’ memorable experiences, nostalgia, satisfaction and revisit intention.

Data were collected from students (N = 169) with recent international exchange experience using snowball sampling approach through various online platforms. The hypothesised relationships were tested using the partial least squares structural equation modelling (PLS-SEM).

Results showed that memorable experiences had a positive effect on nostalgia and satisfaction, and nostalgia significantly affected satisfaction. Satisfaction was also found to have a positive effect on revisit intention. In addition, memorable experiences and nostalgia had indirect effects on satisfaction and intention to revisit a host country in the near future.

The findings of this study contribute to the extant literature on international exchange students’ experience and provide tourism marketers with strategies to encourage them to revisit a host country.

我还会回来吗？由高校学生难忘的交换项目经历而激发的故地重游

摘要

国际交换生在旅游研究中是经常被忽视的一个群体, 且他们再访交换国家之意图尚未被探讨。因此, 本研究之目的是研究国际交换生难忘的经历, 怀旧, 满意度和再访意图之间的关系。

本研究的样本以滚雪球抽样的方式在各种网路平台收集有国际交换经验的学生（N = 169）, 且使用偏最小平方-结构方程模型（PLS-SEM）检验了研究模型中的假设关系。

本研究发现, 难忘的经历对怀旧情绪和满意度有正向的影响, 而怀旧会显著影地响满意度, 且满意度对再访意图有正向影响。此外, 难忘的经历和怀旧情绪对满意度以及再访交换国家意图有间接的影响。

此研究结果贡献于现有国际交换生体验的文献, 并为旅游营销人员提供了鼓励他们重新访问交换国家的策略。

¿Volveré? Evocar nostalgia a través de experiencias memorables del programa de intercambio de estudiantes universitarios.

Los estudiantes de intercambio internacional han sido conocidos por una población a menudo descuidada en la investigación turística, y su intención de volver a visitar el país anfitrión no ha sido explorada. En consecuencia, el propósito de este trabajo fue examinar las relaciones entre las experiencias memorables de los estudiantes de intercambio internacional, la nostalgia, la satisfacción y la intención de volver a visitar.

Se recolectaron datos de estudiantes (N = 169) con experiencia de intercambio internacional reciente utilizando el método de muestreo de bola de nieve a través de varias plataformas en línea. Las relaciones hipotéticas se ensayaron utilizando los mínimos cuadrados parciales — modelo de ecuaciones estructurales (PLS-SEM).

Este estudio encontró que las experiencias memorables tuvieron un efecto positivo en la nostalgia y la satisfacción, y la nostalgia afectó significativamente la satisfacción. También se determinó que la satisfacción tenía un efecto positivo en la intención de volver a visitar. Además, las experiencias memorables y la nostalgia tuvieron efectos indirectos en la satisfacción y la intención de volver a visitar un país anfitrión en un futuro próximo.

Los hallazgos de este estudio contribuyen a la literatura existente sobre la experiencia de los estudiantes de intercambio internacional y proporcionan a los vendedores de turismo estrategias para alentarlos a volver a visitar un país anfitrión.

The Seminar for the International Exchange of Publications in the Indo‐Pacific Area, inspired by Unesco and sponsored by the National Diet Library of Japan, was held at Tokyo from 4 November to 11 November, 1957. There were no less than thirty‐two participants, delegates, and observers, from the following countries: Australia, Cambodia, Ceylon, Chile, the Republic of China, India, Indonesia, Japan, the Republic of Korea, Laos, Malaya, Mexico, Pakistan, the Philippines, Thailand, United Kingdom, the United States of America, and the United States of Soviet Russia. Almost all the participating countries deputed librarians of standing to represent them. Among them were Mr. Foster E. Mohrhardt, Director of the U.S. Dept. of Agriculture Library, Mr. Jennings Wood, Assistant Chief Director, Exchange and Gifts Division of the Library of Congress, Mr. Boris Kanevsky, Chief Librarian, Dept. of International Exchange of Publications of the Lenin State Library, Dr. H. L. White, Librarian, Commonwealth National Library, Canberra, and Dr. Armando Sandoval, Director, Centro de Documentacion Cientifica y Technica de Mexico.

In Japan, virtual exchange and mobility are regarded as an emergency response to the COVID-19 pandemic and as alternatives to international learning through physical mobility. International educators express concerns that online international learning methods may fade away after physical student mobility resumes on a larger scale. However, it is crucial for universities to leverage newly developed online learning tools after the pandemic in order to offer inclusive international education which reaches the larger student pool who are unable to study abroad. Now is the time to reflect on how international education policy and practice have relied excessively on cross-border student mobility. In turn, it will be important to position ICT-based educational practices as an opportunity to create new value and meaning for international education in an environmentally friendly and low-cost manner in the new normal world. Also, in Japan, internationalization at home was not addressed to any great extent before the pandemic. However, there is an increasing awareness that ICT-based international education can effectively contribute to the expansion of internationalization at home. Adapting to the new normal situation requires a new modality of internationalization, and it will have a significant impact on the attractiveness of higher education in the country.

This paper reassesses the center-periphery relationship in light of recent developments in the international monetary system and the currency hierarchy in a geopolitical economy framework. The center-periphery relationship has historically been examined in relation to the international division of labor, the pace and diffusion of technical progress associated with it, and the pattern of consumption it embodies. As conceived by structuralists and dependentistas, it is not seen as the result of the uneven and combined development of capitalism: it does not take into account the struggle between the dominant States (center), which want to reproduce the current order and the contender States (periphery) which aim to accelerate capitalist development to reduce the unevenness, and even to undermine the imperial project of dominant states. In a geopolitical economy framework, a powerful obstacle peripheral countries face in their efforts at combined development is the international monetary system, something that the theorists of the center-periphery relationship have perhaps overlooked. Because of its subordinate position in the currency hierarchy, the periphery is subject to greater external vulnerability, greater instability of exchange and interest rates, and as a result, enjoys a more restricted policy space. In this sense, the chapter shows that, beyond macroeconomic policies, the currency hierarchy in a context of high capital mobility limits a range of developmental policies of peripheral countries, reinforcing the unevenness of world economy and constraining combined development.

The study aims to investigate how the collaborative activities of joint action and knowledge-sharing between cross-border buyers and sellers influence the affect-state of buyers and eventually develop their strategic performance under the contingent condition of psychic distance.

Survey data collected from 235 Taiwanese importers were analyzed using partial least squares to test the proposed conceptual framework.

Joint action and knowledge-sharing are found to increase buyer’s engagement and affective commitment. Psychic distance is found to weaken the effect of collaborative activities on engagement and affective commitment. Both engagement and affective commitment are found to increase strategic performance, and the findings confirm their intervening role in the collaborative activities-strategic performance relationship.

The study offers insights into the under researched areas of collaborative activities and strategic performance in international exchanges and highlights the role of psychic distance in the success or failure of relational exchanges in international environments. The study introduces the concept of engagement and advances the theoretical understanding of the concept’s significance and application in international buyer–seller exchanges.

Propose a more comprehensive explanation on the determinants and fluctuations of China’s exchange rate policy in the past decade (2005–2015).

Case study on China’s exchange rate policies in three respective stages since 2005 and then a comparative study on these three stages.

Put forward a two-pronged explanation on the determinants and fluctuations of China’s exchange rate policy in the past decade and arrive at three specific conclusions. First, external pressure is only one factor among many influencing the formation of China’s national interests (Guojia Liyi in Chinese) and the decision-making process on exchange rate policy. Second, national interest is the fundamental driving force and substratum for making China’s exchange rate policy. Third, in the short term, the specific exchange rate policies in different periods were not always in accordance to the national interests (or Guojia Liyi), due to the influences of some factors on the decision-making environment.

The comprehensive view is conducive to better explaining the formation and fluctuations of China’s exchange rate policy and consequently contributes to understanding and even predicting future policies.