Summary of Martin Chorzempa's The Cashless Revolution

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Author :
Publisher : Everest Media LLC
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 (5 download)

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Book Synopsis Summary of Martin Chorzempa's The Cashless Revolution by : Everest Media,

Download or read book Summary of Martin Chorzempa's The Cashless Revolution written by Everest Media, and published by Everest Media LLC. This book was released on 2022-10-22T22:59:00Z with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Cashless Revolution

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Publisher : PublicAffairs
ISBN 13 : 1541700724
Total Pages : 258 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis The Cashless Revolution by : Martin Chorzempa

Download or read book The Cashless Revolution written by Martin Chorzempa and published by PublicAffairs. This book was released on 2022-10-04 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The China Race

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Publisher : State University of New York Press
ISBN 13 : 1438496605
Total Pages : 374 pages
Book Rating : 4.4/5 (384 download)

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Book Synopsis The China Race by : Fei-Ling Wang

Download or read book The China Race written by Fei-Ling Wang and published by State University of New York Press. This book was released on 2024-02-01 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Emergence of China's Smart State

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Publisher : Rowman & Littlefield
ISBN 13 : 1538184427
Total Pages : 261 pages
Book Rating : 4.5/5 (381 download)

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Book Synopsis The Emergence of China's Smart State by : Rogier Creemers

Download or read book The Emergence of China's Smart State written by Rogier Creemers and published by Rowman & Littlefield. This book was released on 2023-10-16 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Fintech, Small Business and the American Dream

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Publisher : Springer Nature
ISBN 13 : 3031556127
Total Pages : 285 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Fintech, Small Business and the American Dream by : Karen G. Mills

Download or read book Fintech, Small Business and the American Dream written by Karen G. Mills and published by Springer Nature. This book was released on 2024 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Cashless

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Publisher :
ISBN 13 : 9781949642728
Total Pages : 402 pages
Book Rating : 4.6/5 (427 download)

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Book Synopsis Cashless by : Richard Turrin

Download or read book Cashless written by Richard Turrin and published by . This book was released on 2021-04-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cashless dives into the design and use of China's new central bank digital currency.

Beyond Banks

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Publisher : Princeton University Press
ISBN 13 : 0691245428
Total Pages : 304 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Beyond Banks by : Dan Awrey

Download or read book Beyond Banks written by Dan Awrey and published by Princeton University Press. This book was released on 2024-10-22 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: How new technology is rapidly changing the nature of money and the way we pay A diverse and growing range of financial institutions and platforms—from PayPal and Venmo to WeChat, Alipay, and the brave new world of stablecoins—has harnessed new technology to disrupt the system of money and payments as we know it. Beyond Banks explains why this disruption holds out the promise of faster, cheaper, more convenient, and more secure payments, but also how it increasingly risks exposing consumers, businesses, and governments to the problem of bad money. Dan Awrey traces the origins of our current bundled system of banking, money, and payments. He explains why the problem of bad money—the result of antiquated and inadequate laws and regulation that fail to establish credible commitments to hold, transfer, or return a customer’s money on demand—requires that policymakers fundamentally rethink their approach toward the design of the laws and institutions at the heart of this system. He presents ways to effectively unbundle banking from money and payments, ensure the credibility of monetary commitments, and promote the stability of this system. Awrey also envisions a more forward-looking role for policymakers in encouraging greater technological experimentation, competition, and innovation in the realm of payments. Beyond Banks sheds critical light on the important but too often dysfunctional relationship among technology, regulation, and money, and lays the foundations for a safer, more nimble, and more inclusive system of money and payments.

From Click to Boom

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Publisher : Princeton University Press
ISBN 13 : 0691254109
Total Pages : 328 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis From Click to Boom by : Lizhi Liu

Download or read book From Click to Boom written by Lizhi Liu and published by Princeton University Press. This book was released on 2024-11-12 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The rise of e-commerce has transformed China's economy over the past two decades. By late 2020, close to 800 million Chinese people had shopped online and more than 60 million citizens were directly or indirectly employed in e-commerce-related industries. Yet the rapid rise of the industry seems to defy conventional wisdom. For instance, China's e-commerce market took off without strong formal institutions to support it, challenging the prevailing notion in political economy that certain formal institutions like state-provided secure property rights, contract enforcement, and the rule of law are crucial pre-conditions for supporting efficient markets. Using a vast array of qualitative and quantitative data, Lizhi Liu reveals how, with weak rule of law, China instead outsourced part of its institutional functions to e-commerce companies themselves-prominent examples include Alibaba's Taobao.com and Tmall.com. Liu calls these companies "private regulatory intermediaries" (PRIs) and shows how they fulfill various legal, social, and political functions that the state might otherwise take on. Taobao, for example, has a complex reputation mechanism, a credit score, a fraud detection program, and even a jury-like system in which users can adjudicate cases or vote to change platform rules. Liu also explores how, beyond the systematic level, e-commerce has significant individual-level effects-namely, that e-commerce reduces the household cost of living but also distracts citizens from local political issues. Ultimately, this project goes beyond traditional analysis emphasizing either the rule of law or informal networks in supporting market development; it provides a lens to understand institutional experimentation broadly and deepens our understanding of state-business relationships in the Chinese context"--

The Pay Off

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Publisher : Elliott & Thompson
ISBN 13 : 9781783966417
Total Pages : 356 pages
Book Rating : 4.9/5 (664 download)

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Book Synopsis The Pay Off by : Gottfried Leibbrandt

Download or read book The Pay Off written by Gottfried Leibbrandt and published by Elliott & Thompson. This book was released on 2022-04-14 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: How we pay is so fundamental that it underpins everything - from trade to taxation, stocks and savings to salaries, pensions and pocket money. Rich or poor, criminal, communist or capitalist, we all rely on the same payments system, day in, day out. It sits between us and not just economic meltdown, but a total breakdown in law and order. Why then do we know so little about how it really works? As you read this, technology is dismantling payment barriers and governments are erecting them; cash is on the way out, and crypto and BigTech are fighting their way in. The Europeans are heavily regulated, the Americans oddly backward, and the Chinese hoping to lead the way forward. Challenging our understanding about where financial power really lies, The Pay Off shows us that the most important thing about money is the way we move it. Leibbrandt and De Terán shine a light on the hidden workings of the humble payment - and reveal both how our payment habits are determined by history as well as where we go from here. From national customs to warring nation states, geopolitics will shape the future of payments every bit as much as technology.

Kingdom of Characters (Pulitzer Prize Finalist)

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Publisher : Penguin
ISBN 13 : 0735214743
Total Pages : 337 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis Kingdom of Characters (Pulitzer Prize Finalist) by : Jing Tsu

Download or read book Kingdom of Characters (Pulitzer Prize Finalist) written by Jing Tsu and published by Penguin. This book was released on 2022-01-18 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: PULITZER PRIZE FINALIST A New York Times Notable Book of 2022 What does it take to reinvent a language? After a meteoric rise, China today is one of the world’s most powerful nations. Just a century ago, it was a crumbling empire with literacy reserved for the elite few, as the world underwent a massive technological transformation that threatened to leave them behind. In Kingdom of Characters, Jing Tsu argues that China’s most daunting challenge was a linguistic one: the century-long fight to make the formidable Chinese language accessible to the modern world of global trade and digital technology. Kingdom of Characters follows the bold innovators who reinvented the Chinese language, among them an exiled reformer who risked a death sentence to advocate for Mandarin as a national language, a Chinese-Muslim poet who laid the groundwork for Chairman Mao's phonetic writing system, and a computer engineer who devised input codes for Chinese characters on the lid of a teacup from the floor of a jail cell. Without their advances, China might never have become the dominating force we know today. With larger-than-life characters and an unexpected perspective on the major events of China’s tumultuous twentieth century, Tsu reveals how language is both a technology to be perfected and a subtle, yet potent, power to be exercised and expanded.

Managing the Development of Digital Marketplaces in Asia

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Publisher : Asian Development Bank
ISBN 13 : 9292692186
Total Pages : 225 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Managing the Development of Digital Marketplaces in Asia by : Asian Development Bank

Download or read book Managing the Development of Digital Marketplaces in Asia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus disease (COVID-19) pandemic is accelerating digital transformation across Asia and the Pacific. Digital platforms have become prominent intermediaries or marketplaces that allow the exchange of goods, services, and information. They are opening new transaction channels and ways of using resources while lowering service costs and enhancing market efficiency. This volume of background papers, prepared for the Asian Economic Integration Report 2021, examines the scope and potential benefits of digital platforms, as well as the associated policy issues and challenges. It proposes measures and policies to help maximize social and economic gains while alleviating adverse effects.

A Crisis of Beliefs

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Publisher : Princeton University Press
ISBN 13 : 0691182507
Total Pages : 264 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis A Crisis of Beliefs by : Nicola Gennaioli

Download or read book A Crisis of Beliefs written by Nicola Gennaioli and published by Princeton University Press. This book was released on 2018-09-11 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: How investor expectations move markets and the economy The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today’s most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks. Nicola Gennaioli and Andrei Shleifer carefully walk readers through the unraveling of Lehman Brothers and the ensuing meltdown of the US financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people—and how financial and economic instability persist. A must-read for anyone seeking insights into financial markets, A Crisis of Beliefs shows how even the smartest market participants and regulators did not fully appreciate the extent of economic risk, and offers a new framework for understanding today’s unpredictable financial waters.

Rethinking Chinese Politics

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Publisher : Cambridge University Press
ISBN 13 : 1108831257
Total Pages : 231 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Rethinking Chinese Politics by : Joseph Fewsmith

Download or read book Rethinking Chinese Politics written by Joseph Fewsmith and published by Cambridge University Press. This book was released on 2021-06-17 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive but accessible examination of how elite Chinese politics work covering the period from Deng Xiaoping to Xi Jinping.

The Future of Money

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Publisher : Harvard University Press
ISBN 13 : 0674258444
Total Pages : 497 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Future of Money by : Eswar S. Prasad

Download or read book The Future of Money written by Eswar S. Prasad and published by Harvard University Press. This book was released on 2021-09-28 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Innovation Lab Excellence

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Publisher :
ISBN 13 : 9781949642094
Total Pages : 176 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Innovation Lab Excellence by : Richard Turrin

Download or read book Innovation Lab Excellence written by Richard Turrin and published by . This book was released on 2019-03-13 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book goes behind the scenes of working innovation labs to distill a rigorous set of best practices. Apply these to unleash the innovation that will give your enterprise a digital competitive advantage.

Why Fiction Matters in Contemporary China

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Publisher :
ISBN 13 : 9781684580262
Total Pages : 0 pages
Book Rating : 4.5/5 (82 download)

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Book Synopsis Why Fiction Matters in Contemporary China by : David Der-wei Wang

Download or read book Why Fiction Matters in Contemporary China written by David Der-wei Wang and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary discussions of China tend to focus on politics and economics, giving Chinese culture little if any attention. Why Fiction Matters in Contemporary China offers a corrective, revealing the crucial role that fiction plays in helping contemporary Chinese citizens understand themselves and their nation. Where history fails to address the consequences of man-made and natural atrocities, David Der-Wei Wang argues, fiction arises to bear witness to the immemorial and unforeseeable. Beginning by examining President Xi Jinping's call in 2013 to "tell the good China story," Wang illuminates how contemporary Chinese cultural politics have taken a "fictional turn," which can trace its genealogy to early modern times. He does so by addressing a series of discourses by critics within China, including Liang Qichao, Lu Xun, and Shen Congwen, as well as critics from the West such as Arendt, Benjamin, and Deleuze. Wang highlights the variety and vitality of fictional works from China as well as the larger Sinophone world, ranging from science fiction to political allegory, erotic escapade to utopia and dystopia. The result is an insightful account of contemporary China, one that affords countless new insights and avenues for understanding.

Economic Sanctions Reconsidered: History and current policy

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Publisher : Peterson Institute
ISBN 13 : 9780881321364
Total Pages : 338 pages
Book Rating : 4.3/5 (213 download)

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Book Synopsis Economic Sanctions Reconsidered: History and current policy by : Gary Clyde Hufbauer

Download or read book Economic Sanctions Reconsidered: History and current policy written by Gary Clyde Hufbauer and published by Peterson Institute. This book was released on 1990 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: