We are now living in a world where all the major economic functions, i.e., consumption,
production, and investment, are highly globalized. It is thus essential for financial managers to fully
understand vital international dimensions of financial management. This global shift is in marked
contrast to a situation that existed when the authors of this book were learning finance some twenty years
ago. At that time, most professors customarily (and safely, to some extent) ignored international aspects
of finance. This mode of operation has become untenable since then.
We are now living in a world where all the major economic functions, i.e., consumption,production, and investment, are highly globalized. It is thus essential for financial managers to fullyunderstand vital international dimensions of financial management. This global shift is in markedcontrast to a situation that existed when the authors of this book were learning finance some twenty yearsago. At that time, most professors customarily (and safely, to some extent) ignored international aspectsof finance. This mode of operation has become untenable since then.
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