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Abstract only
John Wilson

strategy to reduce the dependence on defence markets, over the course of the 1980s Ferranti failed miserably to achieve this aim. When one considers the acute difficulties in defence, caused partly by the UK government’s desire to cut military expenditure, combined with the end of the Cold War and a major international reassessment of defence priorities, it is consequently vital to question the board’s desire to sustain the firm’s reliance – 65% of turnover and 75% of its profits – on defence. As one contemporary commented, ‘the harsh reality that Ferranti is on the

in Ferranti: A History
Abstract only
Types of banks and the risks they face
Mike Buckle and John Thompson

, though it can easily be extended to other currencies. Reasons for the development and growth of eurocurrency markets The interesting question posed is why did the eurodollar market develop outside the US? A number of reasons have been put forward. One suggestion is that during the early stages of the Cold War the Eastern bloc countries

in The UK financial system (fifth edition)
John Wilson

they were building up a nice nest-egg for their retirements – could only wait for trading to be restored and a significant reduction in the value of their holdings. Similarly, customers were stunned at the news, not least the MoD officials who for many decades had placed considerable faith in Ferranti equipment. With the debate raging over who would supply key components to the Tornado programme, not to mention considerable consternation about the future of the UK defence budget as the Cold War seemed to be coming to an end, the firm’s recovery prospects were under

in Ferranti: A History
Open Access (free)
Crisis, reform and recovery
Shalendra D. Sharma

in thirty years – the Kim Young Sam administration, which came to power on February 23, 1993. As Samuel Kim (2000, 2) notes, “indeed, no state in the post-Cold War cast its lot with globalization as decisively or as publicly as Korea did under the Kim Young Sam administration, which viewed it as the most expedient way for Korea to become a world-class, advanced country. Segyehwa has been touted as no longer a matter of choice but one of necessity – globalize or perish.”13 Thus, during the Kim Young Sam administration (February 1993– February 1998), controls on

in The Asian financial crisis