Preface to the Third Edition

Jeremy J. Ramsden     The University of Buckingham

In the few years that have elapsed since the previous edition, there has been no landscape-changing event (comparable to, say, the first Apollo moon landing in the field of aeronautics and space). 2017 sees the world in a generally somber mood. Interest rates remain close to zero, reflecting an unusual investment landscape, in which traditional outlets such as real estate remain more popular than new manufacturing processes. Politically there is uncertainty, even chaos in many parts of the world: the European Union has suffered a seismic shock with the decision of the United Kingdom to leave it; in South America, the country with the world's largest oil reserves ...

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